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Sterling Bank Trust

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BUSINESS
July 24, 1993
First Newport Federal Savings Bank, the successor to a tiny bank that federal regulators seized in June, 1992, has been sold to Sterling Bank & Trust of Southfield, Mich., Resolution Trust Corp. officials said Friday. Sterling Bank will reopen First Newport Federal's one office in Newport Beach on Monday, the RTC said. Depositors with insured accounts will be able to conduct regular banking transactions at the reopened office.
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BUSINESS
July 24, 1993
First Newport Federal Savings Bank, the successor to a tiny bank that federal regulators seized in June, 1992, has been sold to Sterling Bank & Trust of Southfield, Mich., Resolution Trust Corp. officials said Friday. Sterling Bank will reopen First Newport Federal's one office in Newport Beach on Monday, the RTC said. Depositors with insured accounts will be able to conduct regular banking transactions at the reopened office.
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BUSINESS
June 24, 1985 | AL DELUGACH, Times Staff Writer
The head of UCLA Extension's business and management programs has abruptly canceled a July 11 seminar that was to be run by Jerome Schneider, a 33-year-old Los Angeles offshore bank promoter and head of WFI Corp.. Warren J. Pelton, the UCLA Extension official, disclosed his action last week when a Times reporter called to question him about the university's sponsorship of Schneider's program entitled "Using the 'Switzerlands of the Pacific' for Privacy & Tax Protection."
BUSINESS
December 3, 1996 | DEBORA VRANA
They're not just for grandma anymore. Seeking to attract more baby boomers who may want to hedge their massive bets on the stock market, some banks and thrifts are offering attractive yields on certificates of deposit. Although CD rates overall have risen only slightly this year, some banks and thrifts are offering rates far above the averages. With rates expected to stay flat for the next few months, this could be a good time to lock in one of the higher CD offerings, some experts say.
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