September 21, 1988
Mechanics National Bank, Paramount, has announced the appointment of Gerald Y. Morita to the position of senior vice president, Small Business Administration department.
January 15, 2014 |
President Obama intends to nominate Maria Contreras-Sweet, the founder of a Latino-owned community bank in Los Angeles and a former state Cabinet secretary, to head the Small Business Administration. Contreras-Sweet, who is highly regarded in the L.A. business community, is expected to be nominated Wednesday afternoon. She would fill the last vacancy in Obama's Cabinet. Born in Guadalajara, Mexico, Contreras-Sweet immigrated to Los Angeles when she was 5. She was the first Latina to serve as a Cabinet secretary in California when she was secretary of the Business, Transportation and Housing Agency from 1999 to 2003.
September 13, 2000 |
Four fast-growing Korean American banks dominated the top ranks of Small Business Administration lenders in the Los Angeles area in 1999, according to a Times analysis of agency data, boosting the banks' fortunes and providing a lift to many minority-owned firms.
January 3, 1986
Donald E. McLarnan, veteran banker and director of the Small Business Administration in Los Angeles from 1954 to 1961, died Friday at 78. A former officer with the old Security First National Bank, McLarnan later became founding president of Mission National Bank. From 1969 to 1973 he was administrator of the Small Business Administration for the Western United States and the territories of Guam and Samoa. Survivors include his wife, Virginia, and three children.