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Sanwa Bank Of California

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BUSINESS
October 27, 1993 | From Times Staff and Wire Reports
Sanwa Bank of California to Lay Off 130: The layoffs of full-time employees is a result of an efficiency study the bank began earlier this year, it said. The majority of the cuts, which began about a month ago, will be completed early next year. The Los Angeles-based bank said furloughs will be widespread, affecting all of its 105 branches across the state as well as its corporate staff. The bank, Japanese-owned, said the changes will eliminate excess positions without hurting customer service.
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CALIFORNIA | LOCAL
January 29, 1994
Sanwa Bank California on Friday donated $150,000 and became the first corporate sponsor to participate in the Los Angeles Public Library's Adopt-A-Branch program. For the next three years the bank will sponsor the Mark Twain branch library in South-Central Los Angeles and will provide computers, typewriters, books and other materials. Sanwa Bank employees will donate time to assist children with homework and provide job information to adults.
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CALIFORNIA | LOCAL
January 29, 1994
Sanwa Bank California on Friday donated $150,000 and became the first corporate sponsor to participate in the Los Angeles Public Library's Adopt-A-Branch program. For the next three years the bank will sponsor the Mark Twain branch library in South-Central Los Angeles and will provide computers, typewriters, books and other materials. Sanwa Bank employees will donate time to assist children with homework and provide job information to adults.
BUSINESS
October 27, 1993 | From Times Staff and Wire Reports
Sanwa Bank of California to Lay Off 130: The layoffs of full-time employees is a result of an efficiency study the bank began earlier this year, it said. The majority of the cuts, which began about a month ago, will be completed early next year. The Los Angeles-based bank said furloughs will be widespread, affecting all of its 105 branches across the state as well as its corporate staff. The bank, Japanese-owned, said the changes will eliminate excess positions without hurting customer service.
REAL ESTATE
August 16, 1987
The Beverly Hills Medical Plaza, in the planning stages for the past 10 years, has broken ground at 150 N. Robertson Blvd., with completion targeted for next summer. The $14-million facility has been designed as a 70,000-square-foot, three-story granite and glass structure and is being developed by Eldorado Land Development. Sumitomo Construction is the contractor, with financing by Sanwa Bank of California, arranged by Financial Bancorp.
CALIFORNIA | LOCAL
June 13, 2000 | BARBARA MURPHY
Biopool International Inc. in Ventura has sold the facilities it used for its former BCA Division in West Chester, Pa., a transaction that netted the company $2.1 million. This completes the sale of Biopool's immunohematology division, which began with the sale of the product lines in April 1999. The company also announced that it recently negotiated a $2-million line of credit with Sanwa Bank of California.
BUSINESS
December 18, 1994
Q: Can I qualify for first-time buyer assistance programs if I inherited a share of a rental property two years ago? I have not been living in the house. A: Yes, as long as you meet the individual lender's definition of a first-time home buyer. One of the most flexible is the California Housing Finance Agency, which makes mortgage loans to borrowers who currently own another property as long as it is not their primary residence.
CALIFORNIA | LOCAL
February 17, 1989
The Newport Beach estate of developer Roger W. Luby, who along with Aissa Wayne, daughter of the late John Wayne, was bound and pistol-whipped in a brutal attack last October, was auctioned for $1.75 million here Thursday. Thomas A. Cowan, who represented the Los Angeles-based Sanwa Bank of California, beat out another bidder who declined to be identified. The bank, which holds the second deed of trust on the property, will sell the estate, Cowan said.
BUSINESS
October 5, 1999
Yoshihiro Maeda has been appointed president of Irvine-based Toshiba America Information Systems Inc., a major producer of personal computers. He succeeds Atsutoshi Nishida, who has been president since 1997. Maeda most recently served as general manager, PC Division, International Operations of Toshiba's Digital Media Equipment and Services Co. Nishida will continue as Toshiba corporate vice president and executive vice president for Toshiba's Digital Media Equipment and Services Co.
BUSINESS
September 21, 1988 | DOUGLAS FRANTZ, Times Staff Writer
A consortium of 20 California banks plans to begin making $100 million worth of loans annually for multifamily, affordable housing in the state within a year, officials of the organization said Tuesday. Formation of the new group, called the California Community Reinvestment Corp., marks the first time that California banks have agreed to a cooperative joint venture of this nature, said John R.
MAGAZINE
July 26, 1987 | JOEL KOTKIN and YORIKO KISHIMOTO
THE FIRST JAPANESE in North America sailed with the Spanish from Japan in 1610, docking in Acapulco, Mexico, where 12 of 25 Japanese remained; nothing is known as to their destiny. . . . Founded in 1885, when an ex-seaman called Kame opened a restaurant on the west side of Los Angeles Street, L.A.'s Little Tokyo is the oldest Japanese settlement on the North American mainland. . . . By 1905, 3,400 Japanese lived in Los Angeles; 142 were women and 42 were children. . . .
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