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Laguna Bank

BUSINESS
November 21, 1990 | James S. Granelli/Times staff writer
Bank in Laguna Niguel and Laguna Bank in Laguna Beach--is getting closer to a final agreement. A tentative stock swap was negotiated in late August, but work on the purchase of Laguna by Monarch's holding company was delayed while Monarch tried to negotiate a related transaction, said E. Lynn Caswell, Monarch's president. Meanwhile, Laguna's president, Donald Narup, was asked to resign Friday.
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CALIFORNIA | LOCAL
February 27, 1994
A robber posing as a bank customer stole an undetermined amount of cash from a Wells Fargo branch here and was still at large Saturday night, police said. The suspect entered the bank, at 260 Ocean Ave., about 11 a.m. Saturday and demanded money from a teller. No weapon was seen, but the man reached repeatedly toward his waistband as if to suggest he was concealing a weapon, Laguna Beach Police Sgt. Mike Hall said. There were other customers in the bank at the time, but no one was injured.
BUSINESS
June 5, 1986
Laguna Bank in Laguna Beach posted a net income of $126,965 last year, a slight increase from the previous year's $125,717, according to a recently released audited annual report. The bank's total assets grew 10.5% to $29.3 million from $26.5 million. Its total loans increased 23% to $21.8 million from $17.7 million, and total deposits rose 10% to $26.8 million from $24.2 million.
CALIFORNIA | LOCAL
February 8, 1986
An apparently unarmed man fled on foot Friday with an undetermined amount of cash after handing a note demanding money to a teller at California First Bank, 23511 Paseo de Valencia, Laguna Hills, Sheriff's Lt. Tom Conner said. The robber was described as 5 feet, 9 inches to 6 feet tall and weighing 150 to 160 pounds. He was wearing a sports shirt, jeans and tennis shoes, Conner said.
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