Advertisement
YOU ARE HERE: LAT HomeCollectionsSacramento First National Bank
IN THE NEWS

Sacramento First National Bank

FEATURED ARTICLES
ARTICLES BY DATE
Advertisement
BUSINESS
May 9, 1989
Centennial Beneficial Corp. of Orange said its net earnings for the first quarter rose 69%, to $481,000 from $285,000 for the like period last year. Total assets reached $415 million, 18% higher than the $353 million reported a year ago. Centennial Beneficial, an independent bank holding company headquartered in Orange County, owns five subsidiaries: Sunwest Bank, Sacramento First National Bank, Heritage Thrift & Loan Assn., Centennial Beneficial Mortgage Co. and Centennial Leasing Corp.
BUSINESS
May 9, 1989
Centennial Beneficial Corp. of Orange said its net earnings for the first quarter rose 69%, to $481,000 from $285,000 for the like period last year. Total assets reached $415 million, 18% higher than the $353 million reported a year ago. Centennial Beneficial, an independent bank holding company headquartered in Orange County, owns five subsidiaries: Sunwest Bank, Sacramento First National Bank, Heritage Thrift & Loan Assn., Centennial Beneficial Mortgage Co. and Centennial Leasing Corp.
BUSINESS
July 24, 1985
Acting through its subsidiary, Sacramento First National Bank, Orange-based Centennial has signed a definitive agreement to buy Sacramento Valley Bank in Sacramento from Central Pacific Corp. of Bakersfield. The transaction requires approval from regulatory agencies and the shareholders of both corporations. Although the value of the deal was not disclosed, Centennial Chairman John Joseph earlier had estimated the cost at between $3 million and $7 million.
BUSINESS
February 26, 1987
Lacy Marlette, a director on the board of Sunwest Bank in Tustin, has been elected to a new seat on the board of the bank's holding company, Centennial Beneficial Corp. in Orange. Marlette, 40, a certified public accountant in Palos Verdes Estates, remains on the bank's board as well. Centennial also owns Sacramento First National Bank and Heritage Thrift & Loan Assn. in Brea.
BUSINESS
August 20, 1995
West Coast Bancorp, a Newport Beach bank holding company, trimmed its second-quarter loss to $64,000, or 1 cent a share, from $2 million, or 22 cents a share, a year ago. The company lost $324,000, or 4 cents a share, in the first half, compared with a loss of $3.4 million, or 37 cents a share, in the same period in 1994. Assets as of June 30 declined 22%, to $118.9 million from $152 million. West Coast sold its 94%-owned subsidiary, Sacramento First National Bank, in January.
Los Angeles Times Articles
|