March 14, 2000 |
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.
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.
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.
December 24, 1998 |
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.
October 29, 1998 |
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.
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.