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Jackson Federal Bank

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CALIFORNIA | LOCAL
August 15, 2000
Highland Bancorp Inc., parent company of Highland Federal Bank, announced it has agreed to merge with Jackson Federal Bank. Jackson will acquire Highland for $25.45 cash per share of Highland stock. Jackson Federal Bank in San Bernardino is a wholly owned subsidiary of Jackson National Life Insurance Company in Lansing, Mich., which is in turn a wholly owned subsidiary of Prudential of England.
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BUSINESS
July 3, 2004 | Dawn Wotapka, Times Staff Writer
Aiming to strengthen its presence in the growing Southern California market, UnionBanCal Corp., the parent of Union Bank of California, announced plans Friday to acquire Brea-based Jackson Federal Bank for $305 million. Jackson Federal, with $1.9 billion in assets, has 14 branches in Los Angeles, Orange and San Bernardino counties, including L.A., Glendale, Santa Monica and Fullerton.
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BUSINESS
July 3, 2004 | Dawn Wotapka, Times Staff Writer
Aiming to strengthen its presence in the growing Southern California market, UnionBanCal Corp., the parent of Union Bank of California, announced plans Friday to acquire Brea-based Jackson Federal Bank for $305 million. Jackson Federal, with $1.9 billion in assets, has 14 branches in Los Angeles, Orange and San Bernardino counties, including L.A., Glendale, Santa Monica and Fullerton.
CALIFORNIA | LOCAL
August 15, 2000
Highland Bancorp Inc., parent company of Highland Federal Bank, announced it has agreed to merge with Jackson Federal Bank. Jackson will acquire Highland for $25.45 cash per share of Highland stock. Jackson Federal Bank in San Bernardino is a wholly owned subsidiary of Jackson National Life Insurance Company in Lansing, Mich., which is in turn a wholly owned subsidiary of Prudential of England.
BUSINESS
June 11, 1999
* First Federal Savings of San Bernardino has changed its name to Jackson Federal Bank, reflecting the bank's acquisition last year by Jackson National Life Insurance Co.
BUSINESS
February 15, 2000 | EDMUND SANDERS
Jackson Federal Bank in San Bernardino said it has agreed to buy three Fidelity Federal Bank branches, including one in Fullerton. The other branches are in Big Bear and Blue Jay in San Bernardino County. The purchases, subject to regulatory approval, are expected to close by the end of March. * Edmund Sanders covers financial institutions and fraud for The Times. He can be reached at (714) 966-5811 and at edmund.sanders@latimes.com.
BUSINESS
January 27, 2004 | From Bloomberg News
Prudential, Britain's largest insurer, hired Lehman Bros. Holdings Inc. to sell for as much as $400 million a California bank it bought five years ago, people familiar with the situation said Monday. Jackson Federal Bank, based in Brea, had $1.7 billion of assets as of Sept. 30, according to federal regulators. In the last four years, 26 U.S. banks of similar size have sold for an average of 0.18 times total assets, according to Bloomberg data. That would value Jackson at $306 million.
BUSINESS
February 15, 2000 | EDMUND SANDERS
Jackson Federal Bank in San Bernardino said it has agreed to buy three Fidelity Federal Bank branches, including one in Fullerton. The other branches are in Big Bear and Blue Jay in San Bernardino County. The purchases, subject to regulatory approval, are expected to close by the end of March. * Edmund Sanders covers financial institutions and fraud for The Times. He can be reached at (714) 966-5811 and at edmund.sanders@latimes.com.
BUSINESS
June 11, 1999
* First Federal Savings of San Bernardino has changed its name to Jackson Federal Bank, reflecting the bank's acquisition last year by Jackson National Life Insurance Co.
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