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Sanwa Bank California

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BUSINESS
October 16, 1995 | Times Staff and Wire Reports
Sanwa Bank California has appointed Romolo C. Santarosa to the position of vice president and controller. Santarosa, 39, will be responsible for the bank's accounting policies and operations in addition to overseeing all financial reporting practices. He will be based at the bank's Los Angeles headquarters. Previously, Santarosa served as corporate controller for Shawmut National Corp., parent company for New England-based Shawmut Bank. * Tenet Healthcare Corp. has appointed Michael H.
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BUSINESS
June 28, 2001 | SAM KENNEDY, TIMES STAFF WRITER
Sanwa, a familiar brand name in California banking for three decades, is about to disappear. Sanwa Bank California, the fourth-largest bank based in the state, is merging with the much smaller Tokai Bank of California to form United California Bank. The deal is set to be completed Monday. Sanwa and Tokai are privately owned and both banks have specialized in the relatively small market for commercial customers involved in Pacific Rim trade.
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BUSINESS
May 3, 1992 | JAMES BATES, TIMES STAFF WRITER
An instant architectural landmark since it opened early last year, Sanwa Bank California's 52-story mixture of granite, glass and bronze towers over the western fringe of downtown Los Angeles, a blue-green glow shining at night from its top three stories.
BUSINESS
August 30, 2000 | JESUS SANCHEZ, TIMES STAFF WRITER
A Manhattan Beach-based investment group is in escrow to buy a long-vacant office building in the heart of downtown Los Angeles' financial district and plans to renovate the structure into a 540-room hotel. The former Sanwa Bank headquarters at Flower Street and Wilshire Boulevard would be the second empty downtown office building to be converted into a hotel if Columbia Development completes the acquisition of the 13-story structure.
BUSINESS
October 21, 1986
Sanwa Bank California, Los Angeles, has named Robert H. Cooke, senior executive vice president, to the board of directors. Sanwa Bank California was recently formed by the merger of Lloyds and Golden State Sanwa banks.
BUSINESS
January 9, 1996 | Times Staff and Wire Reports
Sanwa Bank California Names CEO: Tamio "Tom" Takakura, senior executive vice president and chief operating officer of the Sanwa division, has been appointed president and chief executive, pending board approval Wednesday. He succeeds Hiro Nobuhara, who has been promoted to a senior post with Sanwa Bank in Japan. Takakura, 50, has overseen the development and implementation of a new strategic midterm plan for the bank, which is the fifth-largest in California, with $7.7 billion in assets.
BUSINESS
May 18, 1989
Masahiro (Mark) Yoda has been named to succeed Yuki Fujiwara as president and chief executive of Los Angeles-based Sanwa Bank California, the state's seventh-largest bank. After three years in California, Fujiwara returned to the parent Sanwa Bank in Tokyo to become head of its international division.
BUSINESS
June 27, 1999
James Flanigan and The Times continue to perpetuate the myth that City National "is now the largest bank headquartered in this region, after the departure of the home offices of bigger institutions" ["A Big Advantage for Not-So-Big Banks," May 26]. Sorry, but no matter how you slice it, Sanwa Bank California, which is headquartered in that 50-story building known as Sanwa Bank Plaza at the intersection of Wilshire and Figueroa in downtown Los Angeles, is indisputably the largest bank headquartered in this region, with nearly $9 billion in assets.
BUSINESS
March 14, 2000 | Bloomberg News
Sanwa Bank Ltd., Tokai Bank Ltd. and Asahi Bank Ltd. said they agreed to merge into what would become Japan's second-largest bank and the world's third largest. The presidents of the three banks will announce details of the merger at a press conference today. The banks said they would set up a holding company by April 2001. "We can combine [our] housing loans and consumer loans businesses and be more profitable," the banks said in a statement.
BUSINESS
October 6, 1999
Madeline D. Sell has been promoted to senior vice president and manager of corporate communications and marketing, a new position, at Sanwa Bank California. Sell, who had been manager of advertising, marketing and sales promotion, will continue to be responsible for advertising and marketing the bank's image and products. In addition, she will manage the Los Angeles-based bank's charitable contributions budget. * The American Film Marketing Assn.
BUSINESS
June 27, 1999
James Flanigan and The Times continue to perpetuate the myth that City National "is now the largest bank headquartered in this region, after the departure of the home offices of bigger institutions" ["A Big Advantage for Not-So-Big Banks," May 26]. Sorry, but no matter how you slice it, Sanwa Bank California, which is headquartered in that 50-story building known as Sanwa Bank Plaza at the intersection of Wilshire and Figueroa in downtown Los Angeles, is indisputably the largest bank headquartered in this region, with nearly $9 billion in assets.
BUSINESS
December 24, 1998 | From Bloomberg News
Sanwa Bank California said it will start charging nondepositors $1.50 for use of its automated teller machines next spring, the last large bank to abandon a promise not to impose such fees. The decision by the unit of Japan's Sanwa Bank Ltd. and the third-largest bank in California, will affect 108 ATMs throughout the state. It comes after Union Bank of California, Glendale Federal Bank and California Federal Bank all dropped out of a "no surcharge alliance" with Sanwa and other banks.
BUSINESS
October 29, 1998 | From Times Staff and Wire Reports
WellPoint Health Networks Inc. said Wednesday that third-quarter profit rose 20%, excluding the effect of a favorable tax ruling, as the managed-care company kept costs under control at a time when rising medical expenses are hurting competitors. Profit excluding the tax benefit for California's No. 2 health insurer rose to $66.7 million, or 95 cents a share, from $55.6 million, or 79 cents, a year earlier. The results matched the average estimate of analysts polled by First Call Corp.
BUSINESS
September 27, 1998
Ironically, it was Union Bank of California that founded the no-surcharge alliance of banks and savings institutions just last year, a fact it ballyhooed at a big press conference at the Hollywood Roosevelt Hotel. But there was no big press notice when this same institution, the third-largest bank in the state, decided to quietly join the enemy camp and begin surcharging ["Union Bank Decision a Blow to ATM Group," Sept. 11]. We find this whole sorry episode especially galling since we participated in the press conference with Union Bank and became a charter member of the alliance, pledging to not add an extra fee on top of the fees already charged when a non-customer uses one of our 107 ATMs in the state.
BUSINESS
July 29, 1998
Foodmaker Inc., the parent of Jack-in-the-Box restaurants, reported record fiscal third-quarter earnings of $12.6 million, or 31 cents per diluted share, before a one-time charge, compared with $10 million, or 25 cents, a year ago. The board of San Diego-based Foodmaker authorized the repurchase of up to $20 million in common shares after Thursday. Third-quarter sales at its 1,031 company-operated restaurants grew 12.3% to $264 million, from $235 million a year ago.
BUSINESS
January 28, 1998 | Debora Vrana
Los Angeles-based Sanwa Bank California, the state's fourth-largest bank, said its net income declined 7% in the fourth quarter to $22.4 million as a result of a special tax charge. For 1997, the bank's profit increased 23% to $89.7 million over the previous year. Closely held Sanwa Bank, with $8.1 billion in assets and more than 100 offices, is rumored to be a prime acquisition candidate as more banks consolidate because of a loosening of regulations governing banking. Sumitomo Bank Ltd.'
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