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BUSINESS
May 27, 1998 | Dow Jones
First Banks Inc. said Tuesday it agreed to acquire Torrance-based Republic Bank for about $20.5 million in cash. Republic will be merged with First Bank & Trust, a First Banks unit based in Irvine. Shareholders of Republic Bank will receive $14.73 a share in cash. The companies said they expect the transaction, which is subject to regulatory approvals and the approval of the shareholders of Republic Bank, to be completed in the fourth quarter. Republic Bank had total assets of $124.
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BUSINESS
October 22, 2009 | Bloomberg News
Bank of America Corp. has agreed to sell First Republic Bank, which mostly serves affluent clients in California and five other states, to private investors for a price said to exceed $1 billion. The buyers include private equity firms Colony Capital of Santa Monica and General Atlantic of Greenwich, Conn. They have partnered with First Republic Chairman James H. Herbert II and President Katherine August-deWilde in the deal. The parties didn't disclose the price, but a person familiar with the matter said it was more than $1 billion.
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CALIFORNIA | LOCAL
February 16, 1999
First Republic Bank has opened its first San Fernando Valley branch in Studio City. Headquartered in San Francisco, First Republic has offices in 19 locations, including Los Angeles, Beverly Hills, San Diego and New York. First Republic is a publicly held bank specializing in luxury home lending, private banking and business banking, and serves many clients in the entertainment industry, said Valley branch Manager Michael Dawoodjee, former manager of the Beverly Hills branch.
NEWS
December 4, 1999 | From Associated Press
Edmond Safra, one of the world's richest men, was killed in a fire Friday when two knife-wielding, hooded intruders burst into his Riviera penthouse before dawn and then set it ablaze after Safra sought refuge in a locked bathroom. The 67-year-old Lebanese banker and founder of Republic National Bank of New York had clients in the United States, Latin America and Russia.
BUSINESS
March 1, 1991 | JAMES S. GRANELLI, TIMES STAFF WRITER
CommerceBancorp, one of Orange County's larger bank holding companies, has begun negotiating for the purchase of a Torrance-based bank, company officials said Thursday. CommerceBancorp, which owns CommerceBank in Newport Beach, started talks in January with Republic Bank and its holding company, American Republic Bancorp, said William B. Oberholzer, president of the Torrance bank. Certain financial and other information has been exchanged but no agreements have yet been reached.
CALIFORNIA | LOCAL
May 20, 1993 | RANDAL C. ARCHIBOLD, TIMES STAFF WRITER
James B. (Whitey) O'Donnell, former president of Republic Bank in Torrance, has pleaded guilty to federal charges that he ran a bogus investment pool that bilked more than $4 million out of 30 friends and associates, including the chief criminal judge of Los Angeles Superior Court.
BUSINESS
May 3, 1991
CommerceBancorp, one of Orange County's larger bank holding companies, said Thursday it has ended talks about a possible merger with a Torrance bank. The parent company of CommerceBank had started talks in January with Republic Bank and its holding company, American Republic Bancorp, on a merger that would have made the Newport Beach bank Orange County's largest bank with $500 million in assets.
NEWS
December 4, 1999 | From Associated Press
Edmond Safra, one of the world's richest men, was killed in a fire Friday when two knife-wielding, hooded intruders burst into his Riviera penthouse before dawn and then set it ablaze after Safra sought refuge in a locked bathroom. The 67-year-old Lebanese banker and founder of Republic National Bank of New York had clients in the United States, Latin America and Russia.
CALIFORNIA | LOCAL
April 23, 1989 | JAMES RAINEY, Times Staff Writer
In his three years at Republic Bank in Gardena, teller Alexander V. Manansala had a clean record. His boss said he was efficient and that his cash drawer always balanced at the end of the day. So bank supervisors said they were surprised this month when the 29-year-old teller ordered an excess of cash from the Federal Reserve system for Republic Bank's vault. When Republic Bank accumulated about $600,000, twice the normal cash on hand, a bank official ordered Manansala to send the excess funds back to the Federal Reserve "as soon as possible," federal authorities say. Just a few days later, Manansala and $400,000 disappeared, federal authorities say. This week in U.S. District Court in Los Angeles, Federal Magistrate Ralph J. Geffen issued an arrest warrant for Manansala, who FBI agents say has been missing since he left work April 7. He Ordered Cash "It's a sad thing," said John B. O'Donnell, president of the bank, which also has branches in Torrance and Fullerton.
CALIFORNIA | LOCAL
April 23, 1989 | JAMES RAINEY, Times Staff Writer
In his three years at Republic Bank in Gardena, teller Alexander V. Manansala had a clean record. His boss said he was efficient and that his cash drawer always balanced at the end of the day. So bank supervisors were surprised this month when the 29-year-old teller ordered all that extra cash from the Federal Reserve system for Republic Bank's vault. When Republic Bank accumulated about $600,000, twice the normal cash on hand, a bank official ordered Manansala to send the excess funds back to the Federal Reserve "as soon as possible," federal authorities said.
CALIFORNIA | LOCAL
February 16, 1999
First Republic Bank has opened its first San Fernando Valley branch in Studio City. Headquartered in San Francisco, First Republic has offices in 19 locations, including Los Angeles, Beverly Hills, San Diego and New York. First Republic is a publicly held bank specializing in luxury home lending, private banking and business banking, and serves many clients in the entertainment industry, said Valley branch Manager Michael Dawoodjee, former manager of the Beverly Hills branch.
BUSINESS
May 27, 1998 | Dow Jones
First Banks Inc. said Tuesday it agreed to acquire Torrance-based Republic Bank for about $20.5 million in cash. Republic will be merged with First Bank & Trust, a First Banks unit based in Irvine. Shareholders of Republic Bank will receive $14.73 a share in cash. The companies said they expect the transaction, which is subject to regulatory approvals and the approval of the shareholders of Republic Bank, to be completed in the fourth quarter. Republic Bank had total assets of $124.
NEWS
November 18, 1994 | IAN MacWILLIAM, SPECIAL TO THE TIMES
It was a bizarre ceremony in the middle of nowhere. Invited guests stood in a circle around two sections of pipe, five feet in diameter, that rested on a bed of gravel in the desert. Black limousines rolled up one by one, and out climbed the leaders of Pakistan, Iran, Turkey, Azerbaijan and Turkmenistan, each stepping forward to dig up a shovelful of dirt. Then welders fitted the two steel cylinders together. The rest of this would-be pipeline doesn't exist. But President Saparmurad A.
SPORTS
March 26, 1994 | JAMES BATES, TIMES STAFF WRITER
King owner Bruce McNall has been ordered by a Los Angeles Superior Court judge to pay a Torrance bank $2.1 million for defaulting on a personal loan, court documents show. The judgment is the latest setback for the sports mogul in what has become a growing list of business-related problems. Court papers show Judge John P. Shook's judgment was entered last week in favor of Republic Bank, which sued McNall in October.
CALIFORNIA | LOCAL
May 20, 1993 | RANDAL C. ARCHIBOLD, TIMES STAFF WRITER
James B. (Whitey) O'Donnell, former president of Republic Bank in Torrance, has pleaded guilty to federal charges that he ran a bogus investment pool that bilked more than $4 million out of 30 friends and associates, including the chief criminal judge of Los Angeles Superior Court.
BUSINESS
May 3, 1991
CommerceBancorp, one of Orange County's larger bank holding companies, said Thursday it has ended talks about a possible merger with a Torrance bank. The parent company of CommerceBank had started talks in January with Republic Bank and its holding company, American Republic Bancorp, on a merger that would have made the Newport Beach bank Orange County's largest bank with $500 million in assets.
SPORTS
March 26, 1994 | JAMES BATES, TIMES STAFF WRITER
King owner Bruce McNall has been ordered by a Los Angeles Superior Court judge to pay a Torrance bank $2.1 million for defaulting on a personal loan, court documents show. The judgment is the latest setback for the sports mogul in what has become a growing list of business-related problems. Court papers show Judge John P. Shook's judgment was entered last week in favor of Republic Bank, which sued McNall in October.
CALIFORNIA | LOCAL
August 3, 1990
Los Angeles County sheriff's deputies and federal agents were searching for a man who robbed a bank in Palmdale just after it opened Thursday morning, authorities said. The robber, described as a long-haired man 20 to 25 years old who was wearing a green shirt, told a teller at the California Republic Bank on Division Street that he had a gun under a newspaper he was carrying, said Sheriff's Sgt. Gunars Heine.
BUSINESS
March 1, 1991 | JAMES S. GRANELLI, TIMES STAFF WRITER
CommerceBancorp, one of Orange County's larger bank holding companies, has begun negotiating for the purchase of a Torrance-based bank, company officials said Thursday. CommerceBancorp, which owns CommerceBank in Newport Beach, started talks in January with Republic Bank and its holding company, American Republic Bancorp, said William B. Oberholzer, president of the Torrance bank. Certain financial and other information has been exchanged but no agreements have yet been reached.
CALIFORNIA | LOCAL
August 3, 1990
Los Angeles County sheriff's deputies and federal agents were searching for a man who robbed a bank in Palmdale just after it opened Thursday morning, authorities said. The robber, described as a long-haired man 20 to 25 years old who was wearing a green shirt, told a teller at the California Republic Bank on Division Street that he had a gun under a newspaper he was carrying, said Sheriff's Sgt. Gunars Heine.
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