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BUSINESS
June 12, 1991 | James S. Granelli / Times staff writer
Delta Savings Bank solved three problems at once by selling one of its two branches recently to United Pacific Bank in Los Angeles. The sale of its Brookhurst Avenue branch rid the tiny Westminster savings and loan of an operation that was just 3 miles from its headquarters on Bolsa Avenue. It also eliminated a big drain on the thrift's earnings because the branch had just $10 million in deposits, not enough to make it economically viable.
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BUSINESS
June 12, 1991 | James S. Granelli / Times staff writer
Delta Savings Bank solved three problems at once by selling one of its two branches recently to United Pacific Bank in Los Angeles. The sale of its Brookhurst Avenue branch rid the tiny Westminster savings and loan of an operation that was just 3 miles from its headquarters on Bolsa Avenue. It also eliminated a big drain on the thrift's earnings because the branch had just $10 million in deposits, not enough to make it economically viable.
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BUSINESS
December 29, 1990 | James S. Granelli Times staff writer
A Little Competition: A tiny bank in downtown Los Angeles wants to jump into the Orange County market by buying a branch of Delta Savings Bank in Westminster. United Pacific Bank, which a year ago had $38 million in assets, has sought approval from regulators to purchase Delta's Brookhurst Avenue branch, which has little more than $10 million in deposits. Delta, itself small with only $65 million in assets, has its main office nearby but still isn't sure it wants to sell the branch.
BUSINESS
December 29, 1990 | James S. Granelli Times staff writer
A Little Competition: A tiny bank in downtown Los Angeles wants to jump into the Orange County market by buying a branch of Delta Savings Bank in Westminster. United Pacific Bank, which a year ago had $38 million in assets, has sought approval from regulators to purchase Delta's Brookhurst Avenue branch, which has little more than $10 million in deposits. Delta, itself small with only $65 million in assets, has its main office nearby but still isn't sure it wants to sell the branch.
BUSINESS
November 6, 1988
James Bok Wong has been named chairman of United Pacific Bank in Los Angeles. Wong previously was chief economist and director of international technologies for Dart Industries, Los Angeles.
CALIFORNIA | LOCAL
March 22, 2003 | Lee Romney, Times Staff Writer
The chief executive of the federally funded Los Angeles Community Development Bank stepped down Friday to return to the private sector, a little more than three years after he was hired to remake the beleaguered institution. William H. Chu begins a new job April 1 as CEO of City of Industry-based United Pacific Bank, a small institution he headed a decade ago. His move comes as the Community Development Bank -- funded by the U.S.
CALIFORNIA | LOCAL
March 22, 1988 | GEORGE RAMOS
Near Sunset Boulevard and Figueroa Street, just north of downtown Los Angeles, there is a flurry of construction work taking place these days. More than 400 apartments are being built to meet the growing demand for housing in the area. But in the midst of the hammering and sawing, a piece of vacant land at 821 W. Sunset Blvd. remains untouched--dwarfed by the activity around it.
BUSINESS
August 6, 1990 | TERESA WATANABE and SOON NEO LIM, TIMES STAFF WRITERS
Paul Himawan came to Pomona to study industrial engineering and now imports truck tires and frozen shrimp from his native Indonesia. William Lu fled Vietnam for France in 1954 to escape persecution and has risen to become president and chief executive of the United Pacific Bank on North Hill Street. Yongki Yi left Korea for Los Angeles as a tourist in 1971 and stayed to provide what the Department of Labor certified was a badly needed service: air conditioning mechanics in the Mojave Desert.
BUSINESS
March 9, 1999
* SBS Technologies Inc., a manufacturer of computer components, signed a seven-year, $5.1-million lease for a 75,160-square-foot corporate headquarters building at Carlsbad Spectrum, a 395,000-square-foot business center being developed by Koll Development Co. in Carlsbad. Kent Moore of Business Real Estate represented SBS. Koll was represented by Lannie Allie and Doug Simpson of CB Richard Ellis. * * Invacare Corp.
OPINION
February 27, 2000 | RONALD D. WHITE
The Los Angeles Community Development Bank was a belated federal response to the 1992 Los Angeles riots. This isn't just any federal assistance program. It's the largest-ever federal funding commitment to a bank with a high-risk clientele. The bank has a double duty: making loans and creating jobs. The bank's loans to struggling businesses are backed by the city's future federal community-development block grants, which might be lost should the bank be unable to repay the federal government.
BUSINESS
May 13, 1991 | GEORGE WHITE, TIMES STAFF WRITER
Indonesia's banking industry was dominated by five state-owned institutions when the nation's government deregulated its financial sector in October, 1988--opening the door of opportunity to aspiring private bankers. Since then, private-sector banks have begun to proliferate in Indonesian cities such as Jakarta as well as across the Pacific in Los Angeles.
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