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BUSINESS
November 13, 1993 | From Times Staff and Wire Reports
CNB Bancshares to Merge With Kentucky Bank: The Indiana-based bank announced terms of a merger with privately held Union Bank & Trust Co. of Morganfield, Ky. The stock deal is worth about $424 million and is expected to be completed in the first half of 1994. Union Bank holders would exchange each of their shares for 13.25 shares of CNB, which closed at $32.375 on Friday. Union has 29,040 common shares outstanding.
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NEWS
November 5, 1990
Services for retired industrialist Jerome K. Doolan will be held at 11:30 a.m. Wednesday at Our Lady of Mt. Carmel Roman Catholic Church in the Santa Barbara County community of Montecito, church officials said Sunday. Doolan, 93, died in his sleep Thursday while touring Tahiti in the South Pacific, said Msgr. Sylvester O'Brien, pastor of Mt. Carmel. A rosary will be recited for Doolan at 4:30 p.m. Tuesday at the church, he said.
CALIFORNIA | LOCAL
October 28, 2001 | From Times Staff and Wire Reports
Marian Zurn Roberts, 96, philanthropist and first female director of a Pennsylvania bank that became part of Mellon Bank, died Wednesday in Erie, Pa. Roberts was director of Union Bank and Trust Co., which later joined Mellon Bank. She served on a number of civic organizations and was well known in social circles. In 1984, Roberts was honored for 50 years of service to the Sarah Reed Home Board.
CALIFORNIA | LOCAL
May 28, 1990 | LEN HALL
Like so much of this two-century-old community, the 10-acre site of old Capistrano Union High School oozes history. Sandwiched between Camino Capistrano, which was built in 1913 as State Highway 101, and El Camino Real, the ancient road linking the missions, the property sits across the street from one of the county's oldest historical sites, Mission San Juan Capistrano.
BUSINESS
June 14, 2011 | By Walter Hamilton, Los Angeles Times
Families investing in California's college-saving plan soon may have lower average fees and a new lineup of fund options. The state board that oversees the ScholarShare program selected investment giant TIAA-CREF, a big manager of retirement accounts for teachers and others working in education, to manage the so-called 529 plan. The New York firm would replace Boston-based Fidelity Investments. Fidelity did not submit a bid to continue running ScholarShare, which has assets totaling $4.4 billion across 291,000 accounts.
BUSINESS
June 1, 1985 | HEIDI EVANS, Times Staff Writer
Setting a 50-year record for the number of bank failures in one day, seven financially troubled banks, including four in Nebraska, were shut down by government regulators Friday. The failures brought the 1985 nationwide total to 43. According to a spokesman for the Federal Insurance Deposit Corp., the largest number of failures in a day since the FDIC was created in 1934 had been six in 1983. In addition to the Nebraska institutions, banks were closed in Oregon, Arkansas and Minnesota.
NEWS
May 31, 1985 | Associated Press
The state Department of Banking and Finance closed four banks today, citing problem farm loans at each. The Bank of Taylor was closed late this morning. It will reopen Monday as a branch of the Union Bank and Trust Co. of Lincoln, federal officials said. Then early in the afternoon, the department closed three banks owned by Roger Voorhees of Omaha. They were the Fairfield State Bank in Fairfield, the Scroggin and Co. Bank in Oak and the Security State Bank of Edgar.
BUSINESS
July 11, 1989 | SCOT J. PALTROW, Times Staff Writer
Chase Manhattan Bank, the nation's second-largest bank in terms of assets, lowered its prime lending rate by a half percentage point to 10.5% on Monday, but the other New York "money center" banks did not immediately follow suit. Economists said the other banks probably would cut their prime rates soon in response to a general downward trend in interest rates that has lowered the banks' own cost of funds.
TRAVEL
May 28, 2000 | DOUGLAS WISSING
The first five names on the American Institute of Architects' list of significant U.S. cities for innovation and design are hardly surprising: Chicago, New York, San Francisco, Boston and Washington, D.C. It's the sixth city that leaps out from the list: Columbus, Ind. Not Columbus, the capital of Ohio, or Columbus, Ga., known for Ft. Benning. But the Columbus in Indiana, a town of 35,000 perched at the southern edge of the prairie 40 miles south of Indianapolis.
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