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Stephen G Carpenter

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BUSINESS
July 20, 1989 | NANCY RIVERA BROOKS, Times Staff Writer
Security Pacific National Bank is arming itself for serious combat for the pocketbooks of small business, a growing market that has long been served primarily by smaller financial institutions. The bank on Wednesday named Stephen G. Carpenter as vice chairman in charge of running Security Pacific's new Middle Market Bank, which was formed a little more than a week ago to concentrate on businesses with sales ranging from about $2 million to $25 million.
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BUSINESS
June 9, 1992 | JAMES F. PELTZ, TIMES STAFF WRITER
John J. Keating led CU Bancorp to exceptional growth during the 1980s, making it the largest commercial bank based in the San Fernando Valley. But that growth abruptly stopped in the 1990s, which has now led to Keating's abrupt exit. Keating, 47, resigned last week as president and chief executive of both Encino-based CU and its principal unit, California United Bank. He remains a consultant and director, however. CU's board replaced him with Stephen G.
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BUSINESS
June 9, 1992 | JAMES F. PELTZ, TIMES STAFF WRITER
John J. Keating led CU Bancorp to exceptional growth during the 1980s, making it the largest commercial bank based in the San Fernando Valley. But that growth abruptly stopped in the 1990s, which has now led to Keating's abrupt exit. Keating, 47, resigned last week as president and chief executive of both Encino-based CU and its principal unit, California United Bank. He remains a consultant and director, however. CU's board replaced him with Stephen G.
BUSINESS
July 20, 1989 | NANCY RIVERA BROOKS, Times Staff Writer
Security Pacific National Bank is arming itself for serious combat for the pocketbooks of small business, a growing market that has long been served primarily by smaller financial institutions. The bank on Wednesday named Stephen G. Carpenter as vice chairman in charge of running Security Pacific's new Middle Market Bank, which was formed a little more than a week ago to concentrate on businesses with sales ranging from about $2 million to $25 million.
BUSINESS
November 24, 1992
In an dramatic revision of its third-quarter results, CU Bancorp, the Encino parent of California United Bank, reported that it actually lost $296,000 for the quarter, rather than the profit of $135,809 it previously stated. Stephen G. Carpenter, CU Bancorp's president and chief executive officer, said the revision was related to an upward adjustment in loan-loss provisions, to $745,000. Previously, the bank said it had set aside $370,000 in loan-loss reserves during the third quarter.
BUSINESS
April 4, 1995
CU Bancorp, the Encino-based parent of California United Bank, said it has signed a definitive agreement to acquire Santa Ana-based Corporate Bank in a stock transaction valued at about $7.8 million. The sale, subject to shareholder and regulatory approval, is expected to be completed in the third quarter of 1995. Corporate Bank, with branches in Santa Ana and Anaheim, reported a profit of $256,000 for 1994 and total assets of $71 million as of Dec. 31. CU Bancorp reported a $2.
BUSINESS
October 25, 1994
CU Bancorp, the Encino-based parent of California United Bank, reported a sharp rise in earnings in the third quarter, as the bank continued to reap the rewards of a management overhaul launched in June, 1992. Profit in the quarter that ended Sept. 30 was $671,000, up 19% from the same three-month period a year earlier. For nine months, the bank posted earnings of $1.86 million, up 23% from $1.51 million in the same period of 1993.
BUSINESS
July 28, 1992
CU Bancorp, still hobbled by the recession and problem loans, posted a second-quarter loss of $3.49 million, compared with year-earlier profit of $1.08 million. The Encino-based parent of California United Bank said the loss in the quarter ended June 30 mainly reflected a $7.54-million provision for loan losses. In the year-earlier quarter, CU required a similar provision of only $900,000. CU's problems prompted the company to replace its president last month. John J.
BUSINESS
October 5, 1993
As part of its shift away from real estate, Encino-based California United Bank plans to sell some of its mortgage-banking operations to Republic Bancorp of Ann Arbor, Mich. California United said it signed a letter of intent to sell its mortgage-origination network, six loan-production offices in California and certain other assets in its mortgage-banking division to Republic. California United will keep its mortgage-servicing portfolio. Stephen G.
BUSINESS
January 23, 1996
CU Bancorp posted a 12.4% rise in earnings last year after a 9% rise in profit during the fourth quarter. Based in Encino, CU Bancorp earned $781,000 in the fourth quarter that ended Dec. 31, compared to a $717,000 profit in the same period a year earlier. The bank's full year profit rose to $2.89 million, up from $2.57 million in 1994. The bank's chief executive, Stephen G.
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