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Santa Cruz Resources Inc

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BUSINESS
January 7, 1992
The Foothill Group Inc., a financial services company with executive offices in Agoura Hills and West Los Angeles, said its largest stockholder, Santa Cruz Resources Inc., has sold its 38% stake in Foothill to several institutional and individual investors. Santa Cruz Resources is an indirect subsidiary of Tucson Electric Power Co., an ailing utility that came close to being forced into Chapter 11 bankruptcy by its largest creditors. Foothill president and co-chief executive John F.
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BUSINESS
January 7, 1992
The Foothill Group Inc., a financial services company with executive offices in Agoura Hills and West Los Angeles, said its largest stockholder, Santa Cruz Resources Inc., has sold its 38% stake in Foothill to several institutional and individual investors. Santa Cruz Resources is an indirect subsidiary of Tucson Electric Power Co., an ailing utility that came close to being forced into Chapter 11 bankruptcy by its largest creditors. Foothill president and co-chief executive John F.
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BUSINESS
July 13, 1993
Santa Cruz Resources Inc. and three other companies said they cut their stake in Glendale-based Citadel Holding Corp., to 9.45% from 11%. Citadel is the parent of Fidelity Federal Bank, which has been struggling because of the depressed Southern California real estate market. In a filing with the Securities and Exchange Commission, Santa Cruz, Sierrita Resources Inc., Tucson Electric Power Co. and Tucson Resources Inc.
BUSINESS
April 6, 1993
Citadel Holding Corp. in Glendale said it completed its offering of 3.3 million shares of common stock under a rights offering to its shareholders, raising $31.5 million in net proceeds for the savings and loan. The new shares were issued at $10 each. All but 18,606 shares in the offering were purchased. Citadel said $18 million would be used to boost the capital of its subsidiary, Fidelity Federal Bank. The balance would be used by Citadel for working capital.
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