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.
September 9, 1986 |
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.
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.
May 7, 1985
Norman Katz, 42, has been named president of MCS Associates, a financial consulting firm based in Newport Beach. Katz was a founding partner of the company in 1973. Barbara B. Kamm, 33, has been named senior vice president and banking center administrator of Marine National Bank in Irvine. Kamm, who has been with Marine National since 1981, had been the managing director of the bank's Metro Business Banking Center in Santa Ana. Marine National Bank also announced the appointment of W.