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BUSINESS
May 16, 1989
Edward W. Lovett has joined American Thrift and Loan Assn. as contract manager.
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CALIFORNIA | LOCAL
June 11, 2009 | Dennis McLellan
Robert R. Sprague, a former Los Angeles-based leader of the savings and loan industry and a philanthropist who was a major donor to UC Irvine, has died. He was 92. Sprague died of cancer June 2 at his home in Corona del Mar, said his daughter, Lois M. Sprague.
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BUSINESS
September 27, 1988
John Diamond has been promoted to vice president of Title I Lending for American Thrift & Loan Assn.
CALIFORNIA | LOCAL
April 17, 2009 | Dennis McLellan
John S. Broome, an Oxnard rancher and philanthropist whose family has owned land in Ventura County since before the turn of the 20th century and who was a major supporter of Cal State Channel Islands, has died. He was 91. Broome, who had a stroke in January, died April 10 at home on his ranch, said his grandson Alden Broome. The Illinois-born Broome was part of a family that bought a Mexican land grant in Ventura County -- Rancho Guadalasca -- in 1880.
BUSINESS
May 25, 1989
California Federal Savings & Loan Assn. elected Charles A. Pollock senior vice president-computing and communications division for the company's Rosemead service center. Pollock previously was the company's vice president-computer services.
BUSINESS
May 24, 1989
CalFed Acquires Florida Assets: California Federal Savings & Loan Assn., Los Angeles, has signed a definitive agreement to purchase about $74 million in deposits from American Savings & Loan Assn. of Florida. The transaction involves the deposits of five American Savings branches in Hillsborough and Pinellas counties. Four of the branch buildings will also be acquired by California Federal; the fifth will be retained by Miami-based American Savings for sale or lease. Terms of the deal were not disclosed.
BUSINESS
September 23, 1987 | JAMES S. GRANELLI, Times Staff Writer
Bernard B. Katz, the Los Angeles financier who built two fast-growing high-tech companies that subsequently flopped, has sued Bank of America and Downey Savings and Loan Assn. in Costa Mesa for $315 million, alleging breach of contract in their liquidation of a third company in which he owns a 45% interest. The financial institutions are trying to recover $15 million in loans made to Helionetics Inc. of Irvine, a once-soaring laser firm that Katz bankrolled.
REAL ESTATE
April 9, 1989
Tishman West Co., headquartered in Los Angeles, has announced two promotions: Karl Schwass, who has moved up to first vice president and director of property management and will oversee the firm's entire property management portfolio, and William F. Twomey, who will now be in charge of all its business programs as director of property services and business development. Leslie Coates has joined the staff of T & S Management, a division of T & S Development Inc., as property manager.
BUSINESS
August 21, 1986
Crediting sales of some of its portfolio of FHA home-improvement loans, Citizens Thrift & Loan Assn. in Irvine said Wednesday that its net income more than doubled in the second quarter and jumped 84% for the first six months. The thrift posted a quarterly net income of $179,526, contrasted with $71,978 in last year's second quarter. Its six-month net earnings rose to $335,238 from $181,986 in the same period last year.
BUSINESS
April 19, 1987 | LESLIE BERKMAN, Times Staff Writer
Orange County will soon join Dallas in the limelight of a television series. The success of the new series, however, will not be measured in Nielsen ratings but in the yen it can attract; the show is targeted for Japanese businessmen. The three-hour, three-part series portraying Orange County's business and investment potential is scheduled to air early this summer in Los Angeles on Channel 18's Japan News Magazine and later on two major networks in Japan.
BUSINESS
April 11, 2009 | Associated Press
Regulators seized two more banks Friday, raising the number of bank failures this year to 23. The Federal Deposit Insurance Corp. took over Cape Fear Bank in Wilmington, N.C., and New Frontier Bank in Greeley, Colo., after state regulators closed them down. The FDIC sold Cape Fear Bank to First Federal Savings & Loan Assn. of Charleston, S.C. The agency failed to sell New Frontier, and will keep it open for 30 days so customers can open accounts elsewhere.
CALIFORNIA | LOCAL
August 30, 2004 | Bob Pool, Times Staff Writer
Interest rates on the rise? Not at a Los Angeles lending institution that has managed to keep its rate the same for 100 years. The cost of borrowing cash from the Jewish Free Loan Assn. is always 0%. All that association leaders ask is that clients, who can borrow up to $20,000 at a time, promise to pay the money back. Interestingly, the default rate hovers around 0%, too. "We have more than 99.5% repayment," said Mark M. Meltzer.
BUSINESS
May 25, 1989
California Federal Savings & Loan Assn. elected Charles A. Pollock senior vice president-computing and communications division for the company's Rosemead service center. Pollock previously was the company's vice president-computer services.
BUSINESS
May 24, 1989
CalFed Acquires Florida Assets: California Federal Savings & Loan Assn., Los Angeles, has signed a definitive agreement to purchase about $74 million in deposits from American Savings & Loan Assn. of Florida. The transaction involves the deposits of five American Savings branches in Hillsborough and Pinellas counties. Four of the branch buildings will also be acquired by California Federal; the fifth will be retained by Miami-based American Savings for sale or lease. Terms of the deal were not disclosed.
BUSINESS
May 16, 1989
Edward W. Lovett has joined American Thrift and Loan Assn. as contract manager.
REAL ESTATE
April 9, 1989
Tishman West Co., headquartered in Los Angeles, has announced two promotions: Karl Schwass, who has moved up to first vice president and director of property management and will oversee the firm's entire property management portfolio, and William F. Twomey, who will now be in charge of all its business programs as director of property services and business development. Leslie Coates has joined the staff of T & S Management, a division of T & S Development Inc., as property manager.
CALIFORNIA | LOCAL
March 1, 1986 | JERRY GILLAM, Times Staff Writer
Legislative Analyst William G. Hamm announced Friday that he is quitting his $83,380-a-year post as the Legislature's nonpartisan chief fiscal adviser to take a position with the state's sixth-largest savings and loan association. Hamm, 43, reportedly will receive a six-figure salary as vice president of operations analysis with World Savings & Loan Assn. in Oakland, which has $11.5 billion in assets. He plans to leave in mid-April. "It's a good opportunity," Hamm said of his new job.
BUSINESS
September 27, 1988
John Diamond has been promoted to vice president of Title I Lending for American Thrift & Loan Assn.
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