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BUSINESS
December 8, 1989 | JAMES BATES, TIMES STAFF WRITER
In a sign that its real estate hole in Texas is deeper than originally believed, First Interstate Bancorp on Thursday disclosed that it will set aside $400 million in the fourth quarter largely to rid itself of troubled assets there. The Los Angeles parent of First Interstate Bank did not estimate how the provision will affect its earnings. But Donald K.
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BUSINESS
December 1, 1992 | From Times Staff and Wire Reports
Plaza Home Mortgage to Open Three New Offices: Plaza Home Mortgage Corp. announced Monday that it will expand early next year by opening three new loan-origination offices. The home mortgage company, based in Santa Ana, plans offices for the Seattle-Tacoma and Houston markets, as well as one in Massachusetts for the New England area. Company officials said they expect to see a resurgence in home sales in those areas.
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BUSINESS
December 6, 1988 | From the Washington Post
Federal Home Loan Bank Board may give away land it can't sell in Texas and other hard-hit real estate markets just to get the property off its hands, Chairman M. Danny Wall said Monday. Before such a radical step is considered, Congress will have to give the bank board adequate resources to handle the crisis in the savings and loan industry, Wall said.
BUSINESS
September 19, 1992 | From Times Staff and Wire Reports
Santa Anita Realty Makes 2nd Move Into Texas: Orange-based Santa Anita Realty Enterprises Inc. has made a second move into the Texas market, buying a 328-unit apartment community in San Antonio for $4.5 million. The 10-acre acquisition Thursday from Travelers Insurance Co. followed Santa Anita's purchase last June of a 244-unit complex also in San Antonio.
BUSINESS
December 1, 1992 | From Times Staff and Wire Reports
Plaza Home Mortgage to Open Three New Offices: Plaza Home Mortgage Corp. announced Monday that it will expand early next year by opening three new loan-origination offices. The home mortgage company, based in Santa Ana, plans offices for the Seattle-Tacoma and Houston markets, as well as one in Massachusetts for the New England area. Company officials said they expect to see a resurgence in home sales in those areas.
BUSINESS
September 19, 1992 | From Times Staff and Wire Reports
Santa Anita Realty Makes 2nd Move Into Texas: Orange-based Santa Anita Realty Enterprises Inc. has made a second move into the Texas market, buying a 328-unit apartment community in San Antonio for $4.5 million. The 10-acre acquisition Thursday from Travelers Insurance Co. followed Santa Anita's purchase last June of a 244-unit complex also in San Antonio.
BUSINESS
December 8, 1989 | JAMES BATES, TIMES STAFF WRITER
In a sign that its real estate hole in Texas is deeper than originally believed, First Interstate Bancorp on Thursday disclosed that it will set aside $400 million in the fourth quarter largely to rid itself of troubled assets there. The Los Angeles parent of First Interstate Bank did not estimate how the provision will affect its earnings. But Donald K.
BUSINESS
March 29, 1989 | ART PINE, Times Staff Writer
Treasury Secretary Nicholas F. Brady on Tuesday sought to assure property owners in states such as Texas and California that federal regulators will not "dump" real estate on local markets when they sell the assets of insolvent savings and loan institutions under President Bush's S&L rescue plan.
BUSINESS
December 6, 1988 | From the Washington Post
Federal Home Loan Bank Board may give away land it can't sell in Texas and other hard-hit real estate markets just to get the property off its hands, Chairman M. Danny Wall said Monday. Before such a radical step is considered, Congress will have to give the bank board adequate resources to handle the crisis in the savings and loan industry, Wall said.
BUSINESS
June 5, 1988 | DOUGLAS FRANTZ, Times Staff Writer
The man with the toughest job in Texas banking has a scale model of the Titanic on the sill of his office window. "Gene Bishop, the chairman of MCorp, gave it to me a few days after I took this job," said Albert V. Casey, an industry outsider who became chairman and chief executive of First RepublicBank here in April. "He said, 'You deserve this.' " The sunken luxury liner is an apt symbol, not just for First Republic but for the entire Texas financial industry.
BUSINESS
March 29, 1989 | ART PINE, Times Staff Writer
Treasury Secretary Nicholas F. Brady on Tuesday sought to assure property owners in states such as Texas and California that federal regulators will not "dump" real estate on local markets when they sell the assets of insolvent savings and loan institutions under President Bush's S&L rescue plan.
BUSINESS
June 5, 1988 | DOUGLAS FRANTZ, Times Staff Writer
The man with the toughest job in Texas banking has a scale model of the Titanic on the sill of his office window. "Gene Bishop, the chairman of MCorp, gave it to me a few days after I took this job," said Albert V. Casey, an industry outsider who became chairman and chief executive of First RepublicBank here in April. "He said, 'You deserve this.' " The sunken luxury liner is an apt symbol, not just for First Republic but for the entire Texas financial industry.
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