John J Keating

John J. Keating figured he and his Lincoln National Bank in Encino would keep a low profile for a while. But his customers and shareholders keep asking the same questions, so he has decided to talk: No, his bank is not related to the troubled Lincoln Savings & Loan in Irvine and he is not related to Charles H. Keating Jr., the chairman of Lincoln S&L's parent company. "We're getting all sorts of calls from clients and stockholders," said John Keating, the bank's chairman. "We're getting some bad publicity because of the similarities in names.

John J. Keating led CU Bancorp to exceptional growth during the 1980s, making it the largest commercial bank based in the San Fernando Valley. But that growth abruptly stopped in the 1990s, which has now led to Keating's abrupt exit. Keating, 47, resigned last week as president and chief executive of both Encino-based CU and its principal unit, California United Bank. He remains a consultant and director, however. CU's board replaced him with Stephen G.

A bank named after Honest Abe seemed like a good idea to Lincoln National Bank in Encino until about a year ago. That's when federal regulators seized Lincoln Savings & Loan, an unrelated thrift based in Irvine. Suddenly, Lincoln National Bank was being confused with the other Lincoln, the best known symbol of alleged corruption and excess in the S&L business. Seven executives of Lincoln S&L's parent have been accused by the federal Resolution Trust Corp.

A bank named after Honest Abe seemed like a good idea to Lincoln National Bank in Encino until about a year ago. That's when federal regulators seized Lincoln Savings & Loan, an unrelated thrift based in Irvine. Suddenly, Lincoln National Bank was being confused with the other Lincoln, the best known symbol of alleged corruption and excess in the S&L business. Seven executives of Lincoln S&L's parent have been accused by the federal Resolution Trust Corp.

John J. Keating led CU Bancorp to exceptional growth during the 1980s, making it the largest commercial bank based in the San Fernando Valley. But that growth abruptly stopped in the 1990s, which has now led to Keating's abrupt exit. Keating, 47, resigned last week as president and chief executive of both Encino-based CU and its principal unit, California United Bank. He remains a consultant and director, however. CU's board replaced him with Stephen G.

Citing a "conservative operating philosophy," Lincoln Bancorp Chairman and Chief Executive John J. Keating said the company's net income last year was $1.4 million, or 86 cents a share, a 37% increase over 1985 results. The Encino-based parent of Lincoln National Bank said deposits jumped 60%, to $229.6 million. Assets were nearly $242 million as of Dec. 31, a 56% increase over a year earlier.

CU Bancorp, the Encino-based holding company for California United Bank, reported a 40% drop in net income for its first quarter, to $595,069 from $986,682 a year ago. John J. Keating, president and chief executive officer, said results for the three months ended March 31 were negatively affected by lower interest rates and increased expenses, largely in the mortgage banking division. CU Bancorp's total non-interest expenses for the first quarter were $7.9 million, compared with $5.

CU Bancorp, the Encino parent of California United Bank, reported that its net income for the fourth quarter ended Dec. 31 fell 28% to $1.28 million from $1.77 million a year ago, mainly because of an increase in its quarterly provision for possible loan losses to $1.45 million from $600,000 a year earlier. Despite the increase in CU's loan loss provision, California United's non-performing assets were "relatively modest" in the quarter, said John J. Keating, CU chief executive, in a statement.

John J. Keating figured he and his Lincoln National Bank in Encino would keep a low profile for a while. But his customers and shareholders keep asking the same questions, so he has decided to talk: No, his bank is not related to the troubled Lincoln Savings & Loan in Irvine and he is not related to Charles H. Keating Jr., the chairman of Lincoln S&L's parent company. "We're getting all sorts of calls from clients and stockholders," said John Keating, the bank's chairman. "We're getting some bad publicity because of the similarities in names.

CU Bancorp, still hobbled by the recession and problem loans, posted a second-quarter loss of $3.49 million, compared with year-earlier profit of $1.08 million. The Encino-based parent of California United Bank said the loss in the quarter ended June 30 mainly reflected a $7.54-million provision for loan losses. In the year-earlier quarter, CU required a similar provision of only $900,000. CU's problems prompted the company to replace its president last month. John J.

CU Bancorp, the Encino parent of California United Bank, said its net income for the first quarter ended March 31 fell 39% to $986,000 from $1.62 million a year before, mainly because the bank increased its quarterly contribution to reserves for possible loan losses. CU had assets of $487 million as of March 31, a 2% decline from $498 million a year before. CU's loan loss provision for the first quarter was $1.14 million, compared with $300,000 a year ago.