December 11, 1993 |
Atop Spring Mountain: Scott A. McAfee, a financial industry consultant, has been selected president and chief executive of Spring Mountain Group in Newport Beach. McAfee, 38, assumed his duties immediately, filling a vacancy in the financial holding company founded and chaired by longtime Orange County businessman Frank O'Bryan.
December 17, 1991 |
Two escrow companies that have competed for 30 years for dominance of the real estate market in Riverside and San Bernardino counties said Monday that they have agreed to merge. Spring Mountain Escrow Corp. of Newport Beach will combine its 30 offices with the 14 offices of Riverside-based Courtesy Escrow Service Inc. The merged entity will operate under the Spring Mountain Escrow name. Financial terms were not disclosed.
June 27, 1990 |
Spring Mountain Escrow Corp., which bills itself as the nation's largest independent escrow company, Tuesday announced a major thrust into the Northern California market with the purchase of Bank of America's escrow business. Terms of the transaction were not disclosed. Spring Mountain, based in Newport Beach, said it will open 20 new offices in Northern California by the end of the year.
April 21, 1990 |
Why would a 57-year-old man who has built two companies, sold one at a hefty profit and secured a comfortable life for himself and his family want to risk his money in the beleaguered savings and loan industry by buying a money-losing thrift? "I come from a mortgage banking background, so I have no trouble running and managing a mortgage operation," said Frank O'Bryan, who operated a mortgage banking firm for 16 years.
September 5, 1994
* Frank E. O'Bryan has been appointed to the board of directors of First American Financial Corp. in Santa Ana and to the board of its principal subsidiary, First American Title Insurance Co. He succeeds Harold Kean, who retired last year. O'Bryan is chairman of the Spring Mountain Group, whose subsidiaries include Spring Mountain Escrow Corp. and Pioneer Savings and Loan Assn.
February 21, 1992
Pioneer Savings & Loan, a one-branch operation in Newport Beach that has long been Orange County's smallest thrift, posted net income of $111,800 for its fiscal first quarter. The thrift's profit for the three-month period ended Jan. 31 was nearly treble the $42,300 earned in its fiscal first quarter last year. Quarterly revenue at the Newport Beach thrift shot up 67% to $1.2 million this year from $717,000 last year.