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BUSINESS
June 28, 2001 | SAM KENNEDY, TIMES STAFF WRITER
Sanwa, a familiar brand name in California banking for three decades, is about to disappear. Sanwa Bank California, the fourth-largest bank based in the state, is merging with the much smaller Tokai Bank of California to form United California Bank. The deal is set to be completed Monday. Sanwa and Tokai are privately owned and both banks have specialized in the relatively small market for commercial customers involved in Pacific Rim trade.
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CALIFORNIA | LOCAL
September 16, 2010 | Keith Thursby, Los Angeles Times
Norman Barker Jr., a top executive with First Interstate Bank of California and, before that, United California Bank, from the 1960s until the mid-1980s, died of natural causes Saturday at his Los Angeles home, said family spokeswoman Elizabeth Douglass. He was 88. Barker was involved in two landmark Los Angeles projects. He spearheaded construction of United California Bank's 62-story downtown Los Angeles headquarters, which was the tallest building west of Chicago when it opened in the mid-1970s.
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BUSINESS
December 10, 2001 | By MEG JAMES, TIMES STAFF WRITER
French bank BNP Paribas, moving quickly to expand into the Western United States, agreed Sunday to acquire United California Bank from its Japanese parent UFJ Holdings for $2.4 billion in cash. The proposed acquisition would be the third major U.S. purchase for the French bank in a year and underscores an aggressive push recently by European and Canadian banks into the U.S. financial services sector. BNP Paribas is weeks away from completing its takeover of Honolulu-based BancWest Corp.
BUSINESS
June 15, 2010 | By Alana Semuels, Los Angeles Times
Jack Kyser, the ever-quotable dean of Southern California economists, is retiring from the Los Angeles County Economic Development Corp. after decades of postulating about the many diverse sectors that make up the California economy. Although he's leaving during one of the worst economic downturns the region has ever seen, Kyser, 76, says he is optimistic about the future of Southern California. "Los Angeles' best days are still ahead of it — if we manage the economy effectively," said Kyser, founding economist at the LAEDC, which was created to attract and retain jobs in the region.
CALIFORNIA | LOCAL
September 16, 2010 | Keith Thursby, Los Angeles Times
Norman Barker Jr., a top executive with First Interstate Bank of California and, before that, United California Bank, from the 1960s until the mid-1980s, died of natural causes Saturday at his Los Angeles home, said family spokeswoman Elizabeth Douglass. He was 88. Barker was involved in two landmark Los Angeles projects. He spearheaded construction of United California Bank's 62-story downtown Los Angeles headquarters, which was the tallest building west of Chicago when it opened in the mid-1970s.
BUSINESS
February 21, 2002
* Herbalife International Inc. reported fourth-quarter net income of $10 million, or 31cents a share, up 33% from $7.5million, or 25 cents, a year ago. Sales fell 1% to $419 million. The Westchester-based company said that excluding the effect of foreign currency fluctuations, earnings in the quarter ended Dec. 31 were flat at 25cents a share. * The Federal Reserve Board approved an application by France's largest bank, BNP Paribas, to buy United California Bank for $2.4 billion.
BUSINESS
December 11, 1986
J.B. Crowell, founder and president of Eldorado Bank in Tustin, has been appointed to the board of directors of National Electronics Corp. Crowell, who founded Eldorado in 1972, currently is president and chief executive officer of both the bank and its holding company, Eldorado Bancorp. For the previous 14 years he served with First Interstate Bank, then known as United California Bank.
BUSINESS
January 24, 2010 | By E. Scott Reckard
The gig: Chief executive of 300-branch People's United Financial Inc. of Bridgeport, Conn., the largest regional bank based in New England, with a goal of expanding to California and other potential growth markets. Personal: 56 years old; married to Marie Helene; one daughter; homes in Fairfield, Conn., and Los Angeles. Background: Son of a British father and French mother and educated in Paris, Sherringham came to L.A. on a fluke and wound up holding posts at Home Savings of America, Fidelity Federal Bank, California Federal Bank and Sanwa Bank (later renamed United California Bank)
CALIFORNIA | LOCAL
June 11, 1986 | DAVID JOHNSTON, Times Staff Writer
The Los Angeles-area United Way used donated money to assume more than $200,000 in loans due a major California bank after the bank was unable to collect the debts from two executives of the nonprofit agency, The Times has learned. United Way Inc. took over the loans from First Interstate Bank, then known as United California Bank, in 1981, paying the bank both the principal and interest due, according to the men who owed the money.
BUSINESS
June 15, 2010 | By Alana Semuels, Los Angeles Times
Jack Kyser, the ever-quotable dean of Southern California economists, is retiring from the Los Angeles County Economic Development Corp. after decades of postulating about the many diverse sectors that make up the California economy. Although he's leaving during one of the worst economic downturns the region has ever seen, Kyser, 76, says he is optimistic about the future of Southern California. "Los Angeles' best days are still ahead of it — if we manage the economy effectively," said Kyser, founding economist at the LAEDC, which was created to attract and retain jobs in the region.
BUSINESS
January 24, 2010 | By E. Scott Reckard
The gig: Chief executive of 300-branch People's United Financial Inc. of Bridgeport, Conn., the largest regional bank based in New England, with a goal of expanding to California and other potential growth markets. Personal: 56 years old; married to Marie Helene; one daughter; homes in Fairfield, Conn., and Los Angeles. Background: Son of a British father and French mother and educated in Paris, Sherringham came to L.A. on a fluke and wound up holding posts at Home Savings of America, Fidelity Federal Bank, California Federal Bank and Sanwa Bank (later renamed United California Bank)
BUSINESS
September 13, 2002 | E. SCOTT RECKARD, TIMES STAFF WRITER
San Francisco's Bank of the West, which spent the last decade on an acquisition spree, will finalize its biggest deal yet--the $2.4-billion takeover of United California Bank--on Monday, when its name will go up on 70 former UCB branches in Southern California. In acquiring UCB, Bank of the West also adds about 45 branches in Northern California and the Central Valley, its established markets, where it emphasizes lending to small businesses and farms.
BUSINESS
February 21, 2002
* Herbalife International Inc. reported fourth-quarter net income of $10 million, or 31cents a share, up 33% from $7.5million, or 25 cents, a year ago. Sales fell 1% to $419 million. The Westchester-based company said that excluding the effect of foreign currency fluctuations, earnings in the quarter ended Dec. 31 were flat at 25cents a share. * The Federal Reserve Board approved an application by France's largest bank, BNP Paribas, to buy United California Bank for $2.4 billion.
BUSINESS
December 10, 2001 | By MEG JAMES, TIMES STAFF WRITER
French bank BNP Paribas, moving quickly to expand into the Western United States, agreed Sunday to acquire United California Bank from its Japanese parent UFJ Holdings for $2.4 billion in cash. The proposed acquisition would be the third major U.S. purchase for the French bank in a year and underscores an aggressive push recently by European and Canadian banks into the U.S. financial services sector. BNP Paribas is weeks away from completing its takeover of Honolulu-based BancWest Corp.
BUSINESS
June 28, 2001 | SAM KENNEDY, TIMES STAFF WRITER
Sanwa, a familiar brand name in California banking for three decades, is about to disappear. Sanwa Bank California, the fourth-largest bank based in the state, is merging with the much smaller Tokai Bank of California to form United California Bank. The deal is set to be completed Monday. Sanwa and Tokai are privately owned and both banks have specialized in the relatively small market for commercial customers involved in Pacific Rim trade.
CALIFORNIA | LOCAL
September 18, 1989 | JERRY HICKS, Times Staff Writer
In the 1960s, Gerald Francis Goeden was a carpenter who dreamed of building beautiful houses on majestic landscapes. In the 70s, he made it happen. He started with just one house, and became a major developer based in Irvine with 125 employees. Bank after bank stood ready to loan him money. When Goeden was at his peak, his houses were springing up so fast--in San Juan Capistrano, Laguna Niguel, the Orange foothills--that it took nine people to keep the books for him.
CALIFORNIA | LOCAL
September 18, 1989 | JERRY HICKS, Times Staff Writer
In the 1960s, Gerald Francis Goeden was a carpenter who dreamed of building beautiful houses on majestic landscapes. In the 70s, he made it happen. He started with just one house, and became a major developer based in Irvine with 125 employees. Bank after bank stood ready to loan him money. When Goeden was at his peak, his houses were springing up so fast--in San Juan Capistrano, Laguna Niguel, the Orange foothills--that it took nine people to keep the books for him.
NEWS
May 6, 1988 | ROBERT WELKOS, Times Staff Writer
Owners of the fire-scarred First Interstate Bank building said Thursday that it appeared the downtown Los Angeles skyscraper escaped serious structural damage but announced that it could take up to two months before bank employees and other tenants on the lower 21 floors are allowed to return. "An awful lot of the infrastructure has to be put back in place," said Harold J. Meyerman, president of First Interstate Bank Ltd., half-owners of the structure, after inspecting the 62-story high-rise.
BUSINESS
December 11, 1986
J.B. Crowell, founder and president of Eldorado Bank in Tustin, has been appointed to the board of directors of National Electronics Corp. Crowell, who founded Eldorado in 1972, currently is president and chief executive officer of both the bank and its holding company, Eldorado Bancorp. For the previous 14 years he served with First Interstate Bank, then known as United California Bank.
CALIFORNIA | LOCAL
June 11, 1986 | DAVID JOHNSTON, Times Staff Writer
The Los Angeles-area United Way used donated money to assume more than $200,000 in loans due a major California bank after the bank was unable to collect the debts from two executives of the nonprofit agency, The Times has learned. United Way Inc. took over the loans from First Interstate Bank, then known as United California Bank, in 1981, paying the bank both the principal and interest due, according to the men who owed the money.
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