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BUSINESS
September 21, 1990 | JOHN O'DELL, TIMES STAFF WRITER
Federal regulators are expected to announce today the government sale of insolvent Mercury Savings & Loan Assn. to Los Angeles-based Security Pacific Corp., which outbid several other institutions for the Orange County thrift. Industry sources said Thursday that the holding company for Security Pacific National Bank earlier this week won the bidding to acquire Huntington Beach-based Mercury's 24 branches and most of its $2 billion in assets.
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BUSINESS
September 21, 1990 | JOHN O'DELL, TIMES STAFF WRITER
Federal regulators are expected to announce today the government sale of insolvent Mercury Savings & Loan Assn. to Los Angeles-based Security Pacific Corp., which outbid several other institutions for the Orange County thrift. Industry sources said Thursday that the holding company for Security Pacific National Bank earlier this week won the bidding to acquire Huntington Beach-based Mercury's 24 branches and most of its $2 billion in assets.
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BUSINESS
April 21, 1987 | LESLIE BERKMAN, Times Staff Writer
Ron Langley, the 42-year-old president of North American operations for Industrial Equity (Pacific) Ltd., a New Zealand and Australian investment group that in recent months has purchased 15% of financially ailing Smith International Inc., was elected last week to Smith's board of directors. Langley had said in February that Smith Chairman and Chief Executive Officer G. W. Neely "flatly refused" Industrial Equity's original request for two representatives on the Smith board.
BUSINESS
February 28, 1986 | LESLIE BERKMAN, Times Staff Writer
Smith International Chairman Jerry Neely has resigned from the boards of directors of his company's largest lender, Security Pacific Corp., as the troubled oil-services firm faces probable default on substantially all of its $260 million in debt. Both Smith and Security Pacific confirmed Thursday that Neely resigned from the board of directors of Security Pacific National Bank and its parent, Security Pacific National Corp.
CALIFORNIA | LOCAL
May 3, 2005 | Dan Morain, Times Staff Writer
As Gov. Arnold Schwarzenegger decides whether to call a special election to put his proposals before voters, corporations, individuals and unions report that they have donated more than $40 million to initiative campaigns and other causes so far this year. Schwarzenegger's aides and Democratic legislators continued negotiating Monday over the governor's proposals to cap state spending and overhaul the way voting districts are drawn.
BUSINESS
July 25, 1993 | JAMES F. PELTZ, TIMES STAFF WRITER
D. Linn Wiley runs a small bank, but he's not afraid to tackle Wall Street to protect his turf. Wiley is president of Chino Valley Bank in Ontario, which has joined hundreds of other banks nationwide by rushing into the mutual-fund frenzy. Customers in Chino Valley's 16 branches can now buy stocks, bonds and money-market shares in Putnam and other familiar Wall Street mutual funds.
CALIFORNIA | LOCAL
May 15, 2005 | Peter Nicholas and Robert Salladay, Times Staff Writers
In his State of the State address in January, Gov. Arnold Schwarzenegger signaled that he would revise California's signature environmental protection law, which builders have long complained is cumbersome and restrictive. In the run-up to that speech and in the months since, developers and other businesses that have chafed under the California Environmental Quality Act's regulations have donated millions of dollars to support the governor's political agenda.
CALIFORNIA | LOCAL
June 8, 1986 | DAVID JOHNSTON, Times Staff Writer
The chairman of the Los Angeles-area United Way last week ordered the immediate repayment of unsecured loans that were made to two of the charity's executives in 1982 from money donated by the public. Since 1980, more than $300,000 of donated money has been loaned to five top employees, United Way records show, and two loans are still outstanding. More than $183,000 of the loans are unsecured and $217,000 of the money was loaned interest-free.
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