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John T French

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BUSINESS
August 2, 1993 | James S. Granelli, Times staff writer
John T. French has built Plaza Home Mortgage Bank, a savings and loan in Santa Ana, into a powerhouse lender statewide that has earned kudos for providing mortgages in low- and middle-income areas. It opened in late 1985 as Plaza Savings & Loan, and by last year was one of the state's top 10 residential lenders. Using deposits and borrowings, it makes loans and sells them to investors, using the proceeds for more loans.
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BUSINESS
August 2, 1993 | James S. Granelli, Times staff writer
John T. French has built Plaza Home Mortgage Bank, a savings and loan in Santa Ana, into a powerhouse lender statewide that has earned kudos for providing mortgages in low- and middle-income areas. It opened in late 1985 as Plaza Savings & Loan, and by last year was one of the state's top 10 residential lenders. Using deposits and borrowings, it makes loans and sells them to investors, using the proceeds for more loans.
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BUSINESS
February 9, 1994
Plaza Home Mortgage Corp. said Tuesday that it has moved two executives into the newly created office of the president in an effort to shore up a top management team burdened by the company's fast growth. Robert K. Cole, a financial industry executive with more than 25 years experience, was hired as president and chief operating officer/finance. Brad Morrice, a Plaza executive vice president, was promoted to president and chief operating officer/administration. John T.
BUSINESS
July 22, 1993
Plaza Home Mortgage Corp., whose president resigned earlier this week, said its profit for the second quarter dropped 8%. Earnings fell to $3.3 million, or 30 cents a share, from $3.7 million, or 34 cents a share, for the same period a year earlier. The mortgage banking company's profit for the first half of the year fell 11% to $6.2 million, or 56 cents a share, from $7 million, or 63 cents a share. The company said loan production by Plaza offices outside of California hit record levels.
BUSINESS
March 27, 1991 | James S. Granelli,Times staff writer
Plaza Savings & Loan may be small, but the Santa Ana thrift plays in the big leagues. An aggressive mortgage-banking operation has landed the thrift among the state's 30 largest providers of residential loans, according to information provided to a state industry trade group by Dataquick Information Systems in San Diego. Last year, Plaza loaned more than $601 million to home buyers, ranking it 21st on the list and ahead of such industry giants as First Nationwide Bank in San Francisco.
BUSINESS
February 13, 1993 | James S. Granelli, Times staff writer
One of the state's top providers of home mortgages continues to plant new loan offices across the nation, and its operators are encouraged by the new business sprouting up in these depressed times. Plaza Savings & Loan in Santa Ana plans to open two more out-of-state loan offices by the end of March, which will give it eight offices in seven states outside California.
BUSINESS
May 23, 1993 | JERRY HICKS, TIMES STAFF WRITER
Brenda Lynn was an art major with an English minor when she attended Los Angeles Valley College in the San Fernando Valley in the 1960s. So how did she wind up, at 43, a millionaire mortgage banker in Orange County? "There weren't a lot of jobs in my field, and a friend of mine suggested I apply for a job in mortgage banking," she said. "I found out I was good at it--and I loved it." Lynn, executive vice president of Plaza Home Mortgage Corp.
BUSINESS
March 6, 1992 | JAMES M. GOMEZ, TIMES STAFF WRITER
Plaza Home Mortgage Corp. is planning its first sale of stock to the public, joining a flurry of private companies in Orange County that are taking advantage of a strong stock market to raise financing. The Santa Ana mortgage company plans to offer 5 million common shares for $11 to $13 each, according to a filing Wednesday with the Securities and Exchange Commission. At that price, the offering would raise $55 million to $75 million, before expenses.
BUSINESS
October 21, 1992 | JAMES S. GRANELLI, TIMES STAFF WRITER
The surge in refinancing home loans boosted third-quarter earnings for the holding company of Plaza Savings & Loan to a record $4.3 million, or 40 cents a share, the company said Tuesday. Plaza Home Mortgage Corp.'s net income was a nearly fivefold increase over $912,000, or 8 cents a share, earned in the third quarter last year. Quarterly revenue surged 73% to $18.2 million this year from $10.5 million last year.
BUSINESS
October 10, 1992 | TED JOHNSON and JAMES S. GRANELLI, TIMES STAFF WRITERS
More than 400 employees and about a dozen institutions bought the bulk of the shares of Plaza Home Mortgage Corp. during the company's initial sale of stock to the public. The holding company for Plaza Savings & Loan Assn. raised a total of $32.5 million in the initial offering of 5 million shares on Oct. 2. Shares were priced at $6.50 apiece on the NASDAQ market and have risen slightly to close at $6.75 Friday. Institutional investors, including Arco Investment Management Co.
BUSINESS
July 21, 1993 | CHRIS WOODYARD, TIMES STAFF WRITER
Plaza Home Mortgage Corp. announced Tuesday that its president, James M. Weld, has resigned. The company gave no details about Weld's resignation except to say that it was effective Monday and that the executive believed it was time to move on. Weld, 40, said in a telephone interview that his departure was sudden because "It's hard to give 100% to a company when you are pursuing other things." He would not elaborate other than to say, "I would like to keep my options open."
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