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Landmark Bank

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BUSINESS
September 23, 1991 | Researched by DALLAS M. JACKSON/Los Angeles Times
Nature of Business: A state-chartered commercial bank with depository and lending services. Employees Total: 115 Orange County: 115 Stock Designation: In Times' NASDAQ list as "LdmkBc" Ticker Symbol: "LMBC" Friday's Close: $7 One-Week Change: Down $1 Analyst review: "This is a bank that tries to do a little better every year.
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CALIFORNIA | LOCAL
September 16, 2010 | Keith Thursby, Los Angeles Times
Norman Barker Jr., a top executive with First Interstate Bank of California and, before that, United California Bank, from the 1960s until the mid-1980s, died of natural causes Saturday at his Los Angeles home, said family spokeswoman Elizabeth Douglass. He was 88. Barker was involved in two landmark Los Angeles projects. He spearheaded construction of United California Bank's 62-story downtown Los Angeles headquarters, which was the tallest building west of Chicago when it opened in the mid-1970s.
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BUSINESS
November 12, 1985
Landmark Bank in La Habra reported third quarter profits of $261,000, an 18% increase over the $221,000 earned last year. Profits for the first nine months hit $669,000, a 22.7% increase over earnings of $546,000 for the same period last year. As of Sept. 30, Landmark's assets were $110 million and its capital and reserves totaled $9.68 million, giving it a capital-to-asset rate of 8.8%. Federal regulators, who use the rate as a check on a bank's soundness, require banks to maintain a 7% rate.
BUSINESS
May 21, 1996 | BARBARA MURPHY
For the first time in 25 years, TransWorld Bank, a state-chartered bank with 12 offices in Los Angeles and Ventura counties, has a new president. Craig D. Collette, former chief executive officer and director of Landmark Bank and Landmark Bancorp in La Habra, has assumed the role of president and chief operating officer of the Sherman Oaks-based TransWorld Bank. He succeeds David H. Hender, who will remain on as vice chairman and chief executive officer until his retirement in 1997.
BUSINESS
February 7, 1986
Landmark Bank on Wednesday reported record net income, up 22%, for the 1985 fiscal year. The La Habra-based bank posted net income of $1.08 million for the year, compared to $877,600 in fiscal 1984. For the fourth quarter, net income was ahead nearly 24%, to $389,600 from $314,600. Craig D. Collette, president and chief executive, also reported that the bank's assets and deposits each exceeded the $100-million mark for the first time.
BUSINESS
May 21, 1996 | BARBARA MURPHY
For the first time in 25 years, TransWorld Bank, a state-chartered bank with 12 offices in Los Angeles and Ventura counties, has a new president. Craig D. Collette, former chief executive officer and director of Landmark Bank and Landmark Bancorp in La Habra, has assumed the role of president and chief operating officer of the Sherman Oaks-based TransWorld Bank. He succeeds David H. Hender, who will remain on as vice chairman and chief executive officer until his retirement in 1997.
BUSINESS
January 7, 1994 | James S. Granelli, Times staff writer
Executives at Landmark Bank were surprised and a little miffed a year ago when federal regulators took the drastic step of imposing a severe order requiring the bank to fix various problems. The executives thought the problems had already been fixed. Not to worry, though Regulators lifted the order in eight months--one of the fastest turnabouts yet. Now free of various restrictions, Landmark is concentrating on earning money again, said Craig D. Collette, the bank's president.
BUSINESS
March 20, 1991 | James S. Granelli/ Times staff writer
From time to time over the last two years, executives at Landmark Bank in La Habra have talked with their counterparts at Founders National Bank in Brea about a possible merger. When they announced a tentative agreement in December, others in the industry didn't give the deal much of a chance. But the two groups finally reached a definitive agreement in the last week to merge Founders into Landmark for about $2.2 million in cash and $2.7 million in stock.
BUSINESS
February 22, 1992 | JAMES S. GRANELLI, TIMES STAFF WRITER
Two of Orange County's larger community bank holding companies--Eldorado Bancorp and Landmark Bancorp--on Friday posted lower profits for last year and for the fourth quarter, but cited different reasons for the downturn. Laguna Hills-based Eldorado, which owns Eldorado Bank in Tustin, reported annual net income of $2.7 million, or $1 a share, down 23% from $3.5 million in earnings, or $1.27 a share, for 1990. Revenue fell 2.5% to $31.5 million last year from $32.3 million the previous year. J.
BUSINESS
April 20, 1993 | TOM McQUEENEY, SPECIAL TO THE TIMES
A former vice president of Landmark Bank in La Habra pleaded guilty Monday to making at least $219,000 worth of unauthorized small-business loans. Cynthia A. Drennan, 39, admitted giving away about $2.5 million to small businesses outside of the bank's normal lending procedures, but was allowed to plead guilty to just three charges in a plea agreement with prosecutors, Asst. U.S. Atty. Stefan Stein said.
BUSINESS
March 21, 1996
California State Bank said its proposal to buy Landmark Bancorp and its Landmark Bank unit for $36.8 million has been approved by shareholders of both companies. The merger is expected to be completed in April. Tom Bishop will remain chairman and chief executive of California State Bank, and Eugene Bishop will continue as president. California State Bank has 14 banking offices with total assets of $490 million.
BUSINESS
August 27, 1995 | JAMES S. GRANELLI, TIMES STAFF WRITER
Banker Stanley Pawlowski remembers the days when he would have to call on local drugstore owners, restaurant operators, doctors, lawyers and a host of small-business owners to persuade them to use his community bank in Anaheim. With 48 independent banks based in Orange County in 1980, Pawlowski faced stiff competition for the deposit and loan accounts of small companies and professional partnerships--the heart and soul of community banking throughout California.
BUSINESS
April 16, 1995
Richard C. Helstrom has been appointed senior vice president and chief loan officer of Landmark Bank in La Habra. The veteran banker previously was president of El Camino Bank in Anaheim and Frontier Bank in La Palma, both of which were subsequently sold.
BUSINESS
August 27, 1994 | From Times Staff and Wire Reports
Capital Bank Seized, Deposits Sold: La Habra-based Landmark Bank said that it and Commerce National Bank acquired about $72 million of the insured deposits of Downey-based Capital Bank, which was seized by state banking authorities earlier in the day. The Federal Deposit Insurance Corp. was appointed receiver of Capital Bank, whose branches in La Palma, Cerritos and Compton will be consolidated as the new La Palma office of Landmark Bank.
BUSINESS
October 3, 1991 | JAMES S. GRANELLI, TIMES STAFF WRITER
Landmark Bank, moving to establish itself as the dominant independent bank in north Orange County, has lowered its purchase price for Founders National Bank by $400,000 to reflect losses at the Brea bank. Landmark, which has received all regulatory approvals to buy Founders for $4.9 million in cash and stock, must submit the revised agreement to the Securities and Exchange Commission. State and federal banking regulators will also be notified of the price change.
BUSINESS
January 1, 1992 | JOHN O'DELL, TIME STAFF WRITER
Landmark Bank has dismissed a loan officer after bank officials discovered at least $4.5 million in unauthorized loans, bank officials said Tuesday. The bank's holding company, Landmark Bancorp, said it will add $3.2 million to its loan loss reserves to cover potential losses, which will erase most of the company's profit for the year. The small bank, which has never had an annual loss, still expects to post a small net profit for 1991, President Craig Collette said Tuesday.
BUSINESS
April 26, 1994 | JAMES S. GRANELLI, TIMES STAFF WRITER
Orange County's 27 community banks suffered through their worst year in recent memory as falling real estate values and soured business loans left them with a combined 1993 loss of $50.1 million. Only nine banks posted profits, and Landmark Bank in La Habra was the only one of the 10 biggest banks to record a money-making year. The same banks earned an aggregate $4.3 million for 1992, according to government figures compiled by Sheshunoff Information Services Inc. in Austin, Tex.
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