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Robert T Barnum

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BUSINESS
November 21, 1994 | JAMES S. GRANELLI, TIMES STAFF WRITER
Last week's interest rate hike has some business leaders scratching their heads wondering whether the Federal Reserve Board's action is going to send the country into another economic tailspin. The Fed raised the rate it charges banks by three-quarters of a percentage point--what bankers call 75 basis points--and the increase is rippling right through to the real estate market. In California, that market can hardly afford another hit, says Robert T.
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BUSINESS
November 21, 1994 | JAMES S. GRANELLI, TIMES STAFF WRITER
Last week's interest rate hike has some business leaders scratching their heads wondering whether the Federal Reserve Board's action is going to send the country into another economic tailspin. The Fed raised the rate it charges banks by three-quarters of a percentage point--what bankers call 75 basis points--and the increase is rippling right through to the real estate market. In California, that market can hardly afford another hit, says Robert T.
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BUSINESS
January 19, 1989
Robert T. Barnum has been named executive vice president of American Savings Bank, Stockton, and executive vice president and chief financial officer of its holding company, New American Holdings. Barnum, 43, had been chief financial officer at First Nationwide Bank in San Francisco. At American Savings, he will be responsible for financial analysis, management of assets and liabilities.
BUSINESS
September 25, 1992
American Savings Bank named Robert T. Barnum as its president and chief operating officer, the second-highest position at the thrift. Stockton-based American, which has most of its administrative offices in Irvine, is owned by Texas billionaire Robert M. Bass. The thrift remains headed by Mario J. Antoci, its chairman and chief executive. Barnum has been chief financial officer of American since January, 1989.
BUSINESS
January 7, 1997 | Times Staff and Wire Reports
In the first major organizational changes announced since its $1.7-billion acquisition of American Savings Bank in Irvine, Washington Mutual Inc. said about 220 administrative employees--about 7% of the thrift's total work force--will be laid off. A round of top-level executive changes were also announced, including the resignation of American Savings President Robert T. Barnum. Chairman and Chief Executive Mario J. Antoci retired from the Irvine-based savings and loan Dec.
BUSINESS
August 1, 1995 | JAMES S. GRANELLI, TIMES STAFF WRITER
In a sudden and unexpected move, a key executive at American Savings Bank resigned both his management job and his seat on the board of the nation's fourth-largest savings and loan. W. Brent Robinson, a top executive since joining the troubled American Savings & Loan in 1986, left abruptly Monday as director and executive vice president in charge of the thrift's 159-branch network and customer deposit services. Mario J.
BUSINESS
March 9, 2010 | By E. Scott Reckard
Despite support from an honor roll of prominent California banking experts, a savings and loan owned and operated by an Irvine company has been shut down by regulators, who said it was critically undercapitalized. Waterfield Bank of Germantown, Md., purchased in 2008 by Affinity Financial Corp. of Irvine, was closed Friday after suffering heavy losses on mortgages it had made before the acquisition. Unable to find a buyer, the Federal Deposit Insurance Corp. said it would liquidate the failed institution at a loss of $51 million to the bank insurance fund.
BUSINESS
January 7, 1997 | PATRICE APODACA, TIMES STAFF WRITER
In the first major organizational changes announced since its $1.7-billion acquisition of American Savings Bank, Washington Mutual Inc. said Monday that about 220 American Savings administrative employees--about 7% of the thrift's total work force--will be laid off. A round of top-level executive changes was also announced, including the resignation of American Savings President Robert T. Barnum. Chairman and chief executive Mario J. Antoci retired from the Irvine-based savings and loan Dec.
BUSINESS
June 9, 1995 | JAMES S. GRANELLI, TIMES STAFF WRITER
After a yearlong rush to adjustable-rate mortgages, bargain-hunting borrowers are turning to fixed-rate home loans in response to easing interest rates, real estate experts say. In the last three weeks, fixed-rate mortgages, which had gone above 9% in December, fell below 8% for the first time since March, 1994. The average rate in Southern California now stands at 7.5%, according to Mortgage News Co. in Irvine, which tracks local rates. The national rate is 7.
BUSINESS
August 2, 1998
* Tom Raimondi has been named to the newly created position of chief operating officer for MTI Technology Corp., an Anaheim data storage management technology company. He will be responsible for worldwide operations for the U.S. and Europe, including engineering, manufacturing, sales, marketing and service. Raimondi, a founder of MTI, had been vice president and general manager. * Gail P. Guge has been appointed vice president of marketing for the Prudential Real Estate Affiliates Inc.
BUSINESS
March 8, 1997 | THOMAS S. MULLIGAN and NANCY RIVERA BROOKS, TIMES STAFF WRITERS
With Washington Mutual Inc. holding the high ground in the battle for Great Western Financial Corp., rival H.F. Ahmanson & Co. on Friday tried to rally support for its hostile bid, scheduling what could be a crucial meeting with the New York financial community on Monday morning.
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