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Raymond E Dellerba

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BUSINESS
February 6, 1993 | JAMES S. GRANELLI, TIMES STAFF WRITER
Eldorado Bank, which formed a supercharged management team only 16 months ago to launch a period of fast growth, said Friday that it has hired Raymond E. Dellerba to head the bank's daily operations. Dellerba, 44, who resigned recently as president of troubled CommerceBank in Newport Beach, will take over as Eldorado president and assume the new post of chief operating officer on Feb. 16. J.B.
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BUSINESS
February 6, 1993 | JAMES S. GRANELLI, TIMES STAFF WRITER
Eldorado Bank, which formed a supercharged management team only 16 months ago to launch a period of fast growth, said Friday that it has hired Raymond E. Dellerba to head the bank's daily operations. Dellerba, 44, who resigned recently as president of troubled CommerceBank in Newport Beach, will take over as Eldorado president and assume the new post of chief operating officer on Feb. 16. J.B.
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BUSINESS
June 7, 1989
Raymond E. Dellerba has been named to the board of directors of both CommerceBancorp and its wholly owned subsidiary, CommerceBank. Dellerba joined CommerceBank in 1983 as executive vice president/branch administration.
BUSINESS
June 7, 1989
Raymond E. Dellerba has been named to the board of directors of both CommerceBancorp and its wholly owned subsidiary, CommerceBank. Dellerba joined CommerceBank in 1983 as executive vice president/branch administration.
BUSINESS
January 13, 1999
Another independent bank is set to open in Orange County in two months. The institution, Pacific Mercantile Bank, is expected to open in Fashion Island and would be the first new bank headquartered in Newport Beach since the early 1980s, the organization said Tuesday. It will be headed by veteran banking executives Raymond E. Dellerba and George H. Wells. At least one other small bank has been formed in the county by former officials of banks gobbled up by a consolidation wave in the industry.
BUSINESS
February 4, 1992
Newport Beach-based CommerceBancorp reported Monday that its wholly owned subsidiary, CommerceBank, will add $5.5 million to its loan loss reserve for the fourth fiscal quarter ended Dec. 31, 1991. This will raise the bank's allowance for loan losses to $7 million, which represents about 3% of the bank's outstanding loans. Based on unaudited financial information, the bank predicts a $2.9-million loss for the 1991 fiscal year--its first loss since its founding 12 years ago.
BUSINESS
April 13, 1991 | JAMES S. GRANELLI, TIMES STAFF WRITER
CommerceBank said Friday that it is negotiating to buy an Irvine company that acts as a custodian of money--collecting money and making payments for commercial transactions. Raymond E. Dellerba, the bank's president, said CommerceBank is in final talks to buy Newport West Custodial Corp. and to hire its owner, Scott Purcell, and his seven employees.
BUSINESS
July 23, 1997 | (James S. Granelli)
The former president of Eldorado Bank in Tustin sued the bank Tuesday for breach of contract, alleging that it has refused to pay him $162,000 in severance after he resigned. Raymond E. Dellerba, who also was the bank's chief operating officer, said in his lawsuit that his employment contract allowed him to resign with a severance package if the company is sold and he is assigned duties "wholly and clearly inconsistent" with his position.
BUSINESS
June 12, 1991 | James S. Granelli / Times staff writer
CommerceBank's Switch: CommerceBank has ended talks to acquire a small Irvine company that acts as a custodian of money and has instead hired the firm's owner to build the bank's in-house custodial services. CommerceBank hired Scott Purcell, former president and chief executive of Newport West Custodial Corp., and four of the firm's seven other employees, Purcell said. The other three employees will wind down Newport West's business, and at least one will join the bank in about a month, he said.
BUSINESS
November 3, 1992 | TED JOHNSON, SPECIAL TO THE TIMES
CommerceBancorp, hurt by soured construction and commercial loans and a continued weak economy, said Monday that it lost $158,000 in the third quarter. That compared with a loss of $240,000 for the same period last year. The Newport Beach bank holding company said its latest loss was equal to 7 cents a share, compared with a loss of 11 cents a share a year earlier. The company's assets fell 5.9% to $284 million, compared with $301.9 million.
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