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Santa Clarita National Bank

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BUSINESS
April 21, 1987
Valencia-based Santa Clarita National Bank said its net income for the first quarter ended March 31 was $586,000, up 44% from the corresponding period last year. The bank specializes in loans to small and medium-sized businesses. Assets as of March 31 were $193.9 million, down less than 1% from the 1986 year-end figure.
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BUSINESS
March 21, 1990 | JAMES BATES, TIMES STAFF WRITER
Security Pacific Corp. said Tuesday that it agreed to pay $52.5 million in stock to buy Santa Clarita National Bank, giving it a strong foothold in one of Southern California's fastest-growing areas. The highly profitable Valencia-based bank is another in a growing list of small- to medium-sized institutions in California being acquired by the state's largest banks.
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BUSINESS
March 21, 1990 | JAMES BATES, TIMES STAFF WRITER
Security Pacific Corp. said Tuesday that it agreed to pay $52.5 million in stock to buy Santa Clarita National Bank, giving it a strong foothold in one of Southern California's fastest-growing areas. The highly profitable Valencia-based bank is another in a growing list of small- to medium-sized institutions in California being acquired by the state's largest banks.
BUSINESS
August 11, 1987
Santa Clarita National Bank in Valencia reported a 19% increase in second-quarter profit to $658,000, or $1.28 a share, from $555,000, or $1.08 a share, a year earlier. The bank's earnings for the first six months of this year climbed 29% to $1.24 million, or $2.42 a share, from $963,000, or $1.87 a share, in the comparable 1986 period. The bank said its assets as of June 30 totaled $201.2 million, up 9.3% from $184 million a year earlier.
BUSINESS
March 31, 1987 | ALAN GOLDSTEIN, Times Staff Writer
Don Guglielmino says he is "a regular guy." The walls in his office are decorated with a Boston Celtics T-shirt, a Notre Dame pillow, a few bumper stickers and lots of family snapshots. The office says a lot about the bank he runs. Santa Clarita National Bank, based in Valencia, is a consistent performer that succeeds by making loans to ordinary, small- to medium-sized businesses. No foreign loans. No frills.
BUSINESS
August 11, 1987
Santa Clarita National Bank in Valencia reported a 19% increase in second-quarter profit to $658,000, or $1.28 a share, from $555,000, or $1.08 a share, a year earlier. The bank's earnings for the first six months of this year climbed 29% to $1.24 million, or $2.42 a share, from $963,000, or $1.87 a share, in the comparable 1986 period. The bank said its assets as of June 30 totaled $201.2 million, up 9.3% from $184 million a year earlier.
BUSINESS
April 21, 1987
Valencia-based Santa Clarita National Bank said its net income for the first quarter ended March 31 was $586,000, up 44% from the corresponding period last year. The bank specializes in loans to small and medium-sized businesses. Assets as of March 31 were $193.9 million, down less than 1% from the 1986 year-end figure.
BUSINESS
March 31, 1987 | ALAN GOLDSTEIN, Times Staff Writer
Don Guglielmino says he is "a regular guy." The walls in his office are decorated with a Boston Celtics T-shirt, a Notre Dame pillow, a few bumper stickers and lots of family snapshots. The office says a lot about the bank he runs. Santa Clarita National Bank, based in Valencia, is a consistent performer that succeeds by making loans to ordinary, small- to medium-sized businesses. No foreign loans. No frills.
BUSINESS
January 23, 1990
Santa Clarita National Bank in Valencia said its net income for the fourth quarter that ended Dec. 31 jumped 54% to $1.2 million from $778,000 a year earlier. As of Dec. 31, the bank's total assets were $258.2 million, up almost 4% from $248.1 million a year before. Full-year profits for the bank increased 31% to $4.2 million from $3.2 million in 1988.
BUSINESS
March 22, 1988
Santa Clarita National Bank said it has signed a letter of intent to buy the Van Nuys branch of Bank of A. Levy, an Oxnard-based institution. The price was not disclosed. To complete the deal, the companies must reach a definitive agreement and gain regulatory approval. Santa Clarita, based in Valencia, has 10 offices and total deposits of about $180 million. The Bank of A. Levy's Van Nuys office has about $25 million in deposits, Santa Clarita said.
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