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Newport Balboa Savings

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BUSINESS
March 1, 1987
For the fifth straight year, Newport Balboa Savings reported record earnings, posting a $6.4-million net income last year. The figure is 39% higher than the $4.6 million earned the previous year. In the fourth quarter, the Newport Beach S&L's net income rose 22% to $2.2 million from $1.8 million in the final quarter a year earlier. The steadily falling cost of funds to the S&L, controlled administrative expenses and a strong loan portfolio accounted for the increased net profits, said Fredric J.
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BUSINESS
March 15, 1989 | James S. Granelli, Times staff writer
Newport Balboa Savings has hired a local ad agency to develop a marketing strategy and to promote the Newport Beach institution's commercial loan business. The agency, Estey-Hoover Advertising & Public Relations in Newport Beach, is familiar with financial institutions. Among its previous clients are Household Bank, Mission Viejo National Bank, El Camino Bank and the defunct South Coast National Bank.
BUSINESS
March 15, 1989 | James S. Granelli, Times staff writer
Newport Balboa Savings has hired a local ad agency to develop a marketing strategy and to promote the Newport Beach institution's commercial loan business. The agency, Estey-Hoover Advertising & Public Relations in Newport Beach, is familiar with financial institutions. Among its previous clients are Household Bank, Mission Viejo National Bank, El Camino Bank and the defunct South Coast National Bank.
REAL ESTATE
November 10, 1985
Dietzgen Corp., major manufacturer of drafting products for the construction field, has purchased a 30,000-square foot building at 16233 Heron Ave., La Mirada, from Newport Balboa Savings & Loan for $1.3 million. The firm will occupy the space upon completion of $300,000 in improvements the Seeley Co. and Crookall, Shirley & co. were the brokers.
BUSINESS
September 9, 1986 | JAMES S. GRANELLI, Times Staff Writer
Saying it no longer wants to shoulder the added costs and regulations of being a state-chartered organization, Newport Balboa Savings & Loan Assn. has left the state S&L system and converted to a federal stock company, Newport Balboa Savings, F.A. The change does not affect depositors, borrowers or any other customers serviced by the Newport Beach-based institution, which is wholly owned by ITT Financial Corp., a subsidiary of ITT Corp.
BUSINESS
August 20, 1995
* Thomas Stamatis has been appointed director of business planning and analysis at Zee Service Inc., an Irvine provider of workplace first aid and safety products, training and services. He has previously held financial management positions with Hunt-Wesson, Laura Scudders-Borden and Kirk Paper Co. * Ted Dalessi has been selected assistant vice president for Concord Growth Corp.'s Southern California office in Irvine. He was formerly a business development officer at NationsBanc Corp.
BUSINESS
August 5, 1986
Newport Balboa Savings & Loan Assn. in Newport Beach reported Monday that its net income rose 70% in the second quarter and 55.5% in the first six months, as the institution continued its steady growth. Net earnings in the quarter rose to $1.7 million from $1 million in last year's second quarter and increased to $2.8 million in the first six months from $1.8 million. Total assets at the 7-year-old S&L had grown 30% year to year by the end of June, to $293 million from $225.5 million.
BUSINESS
March 1, 1987
For the fifth straight year, Newport Balboa Savings reported record earnings, posting a $6.4-million net income last year. The figure is 39% higher than the $4.6 million earned the previous year. In the fourth quarter, the Newport Beach S&L's net income rose 22% to $2.2 million from $1.8 million in the final quarter a year earlier. The steadily falling cost of funds to the S&L, controlled administrative expenses and a strong loan portfolio accounted for the increased net profits, said Fredric J.
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