September 26, 1986
Diablo Bank will be merged into Security Pacific National Bank and its shares converted into stock of Los Angeles-based Security Pacific Corp. The total purchase price is estimated to be between $18 million and $19.5 million. Headquartered in Danville, Calif., Diablo Bank also has branches in Alamo and San Ramon. As of August, 1986, Diablo Bank had assets of $115 million and capital of $6.75 million.
June 19, 1991
Robert H. Smith has been elected chairman of the board of Security Pacific Corp., succeeding Richard J. Flamson III as head of the nation's fifth-largest bank holding company, it was announced Tuesday. Smith, 55, stays on as chief executive of the corporation and chairman of Security Pacific National Bank. Flamson, 62, becomes chairman of the board's executive committee, replacing George F. Moody, 60, who is retiring. Nicholas B. Binkley, 45, and Jerry A.
CALIFORNIA | LOCAL
February 11, 2006
Security Trust & Savings Bank opened at 148 S. Main St. Co-founder Joseph Francis Sartori went on to become one of Los Angeles' leading bankers and was still chairman of Security when he died in 1946 at age 87. After several mergers and name changes, the company Sartori helped found, by then known as Security Pacific National Bank, built a 54-story headquarters atop Bunker Hill in 1974. It was the tallest building in the city at the time.
April 11, 1988
A regional headquarters for Security Pacific National Bank is under construction in the South Coast Metro Center off the San Diego Freeway near the Costa Mesa Freeway. The bank is leasing the structure, scheduled to be completed within a year, for $55 million for a 10-year period. It will house about 1,000 bank employees. The cost of building the headquarters has been estimated at $37 million. The 240,000-square-foot building is one of six 12-story towers planned for the center.