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James Cirona

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BUSINESS
January 14, 1989 | ROBERT A. ROSENBLATT, Times Staff Writer
For the top federal savings and loan regulator in California, the first sign of the bad news came suddenly. In an early morning phone call last May 5, James Cirona says, he was told by his bosses in Washington that they might strip his responsibility for overseeing controversial Lincoln Savings & Loan Assn. of Irvine. Cirona refused to participate in the meeting by telephone. "I was upset by the fact that I wasn't aware a meeting was going to be held. They were calling me cold at 6:15 a.m."
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BUSINESS
May 19, 1990 | CHRIS KRAUL, SAN DIEGO COUNTY BUSINESS EDITOR
Thrift regulator James M. Cirona, offered the chief executive job at troubled Great American Bank last week, won't be taking the position. Cirona, president of the Federal Home Loan Bank of San Francisco, expressed strong interest in the Great American job, but he and the thrift's board could not agree on terms of an employment contract, sources close to the negotiations said Friday.
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BUSINESS
May 11, 1990 | CHRIS KRAUL and JAMES BATES, TIMES STAFF WRITERS
Great American Bank has offered its chief executive job to James M. Cirona, president of the Federal Home Loan Bank of San Francisco since 1983, sources close to the troubled savings and loan said Thursday. Cirona, 58, who formerly was the Western region's top S&L regulator, appeals to Great American's board because of his credibility with regulators, an important asset as the thrift remains under intense federal scrutiny amid massive losses.
BUSINESS
May 11, 1990 | CHRIS KRAUL and JAMES BATES, TIMES STAFF WRITERS
Great American Bank has offered its chief executive job to James M. Cirona, president of the Federal Home Loan Bank of San Francisco since 1983, sources close to the troubled savings and loan said Thursday. Cirona, 58, who formerly was the Western region's top S&L regulator, appeals to Great American's board because of his credibility with regulators, an important asset as the thrift remains under intense federal scrutiny amid massive losses.
BUSINESS
May 19, 1990 | CHRIS KRAUL, SAN DIEGO COUNTY BUSINESS EDITOR
Thrift regulator James M. Cirona, offered the chief executive job at troubled Great American Bank last week, won't be taking the position. Cirona, president of the Federal Home Loan Bank of San Francisco, expressed strong interest in the Great American job, but he and the thrift's board could not agree on terms of an employment contract, sources close to the negotiations said Friday.
BUSINESS
May 25, 1990 | CHRIS KRAUL
Gordon C. Luce, chairman and chief executive of Great American Bank, will retire this year once the embattled thrift finds a replacement. In making the announcement at Great American's annual shareholders meeting, Luce acknowledged reports circulating for weeks that he planned on leaving the San Diego-based firm this year. While the savings and loan has no mandatory retirement age, Luce will turn 65 in November. He has been Great American's chief executive since 1969 and chairman since 1979.
BUSINESS
June 30, 1990 | NANCY RIVERA BROOKS, TIMES STAFF WRITER
Great American Bank in San Diego on Friday named longtime banker Robert L. Kemper to replace the ailing thrift's top two officers. Kemper, 61, will succeed Gordon C. Luce as chairman and chief executive when he retires on July 2. The 65-year-old Luce, who was Great American's chief for 20 years, will remain as a trustee at the savings and loan. Kemper also will replace Roger K. Lindland, 58, as president. The change comes as Great American, which is still solvent, fights for its life.
BUSINESS
June 30, 1990 | NANCY RIVERA BROOKS, TIMES STAFF WRITER
Great American Bank in San Diego on Friday named longtime banker Robert L. Kemper to replace the ailing thrift's top two officers. Kemper, 61, will succeed Gordon C. Luce as chairman and chief executive when he retires on July 2. The 65-year-old Luce, who was Great American's chief for 20 years, will remain as a trustee at the savings and loan. Kemper also will replace Roger K. Lindland, 58, as president. The change comes as Great American, which is still solvent, fights for its life.
BUSINESS
March 27, 1991 | JAMES BATES
Dean M. Schultz, a longtime thrift industry lawyer and executive, is expected to be named today to head the Federal Home Loan Bank of San Francisco, a quasi-government agency that mostly provides credit to savings and loans, sources said Tuesday. Schultz is executive vice president and chief operating officer of the Federal Home Loan Bank of New York. He will replace James M. Cirona, who resigned abruptly in January as head of the bank.
REAL ESTATE
May 17, 1987
The Building Industry Assn. of Southern California will present back-to-back Midyear Real Estate Forecasts on June 2-3 at the Beverly Hilton and the Anaheim Hilton, respectively. Keynote speakers will be Preston Martin, former vice chairman of the Federal Reserve Board, and James M. Cirona, president of the Federal Home Loan Bank, while Lt. Gov. Leo McCarthy and Ray Watson, vice chairman of the Irvine Co.
BUSINESS
January 14, 1989 | ROBERT A. ROSENBLATT, Times Staff Writer
For the top federal savings and loan regulator in California, the first sign of the bad news came suddenly. In an early morning phone call last May 5, James Cirona says, he was told by his bosses in Washington that they might strip his responsibility for overseeing controversial Lincoln Savings & Loan Assn. of Irvine. Cirona refused to participate in the meeting by telephone. "I was upset by the fact that I wasn't aware a meeting was going to be held. They were calling me cold at 6:15 a.m."
BUSINESS
May 25, 1990 | CHRIS KRAUL, SAN DIEGO COUNTY BUSINESS EDITOR
Gordon Luce, chairman and chief executive of Great American Bank, said Thursday he will retire this year, once the embattled S&L finds a replacement. In making the announcement at Great American's annual shareholders' meeting, Luce acknowledged reports that have circulated for weeks that he plans to leave the S&L this year. Although the S&L has no mandatory retirement age, Luce will turn 65 in November. He has been Great American's chief executive since 1969 and chairman since 1979.
BUSINESS
December 18, 1985 | TOM FURLONG, Times Staff Writer
Financial Corp. of America, trying to give its American Savings & Loan Assn. subsidiary a new lease on life, said Tuesday that it is considering establishing a new unit to liquidate $2.5 billion in troubled or high-risk loans now owned by American. FCA Chairman William J. Popejoy said the move might enable the Irvine-based holding company to reorganize American Savings into a healthier S&L capable of attracting the capital it needs to meet regulatory standards.
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