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NEWS
March 29, 1986 | TOM FURLONG, Times Staff Writer
Hibernia Bancshares acquired United Bank on Friday in a forced merger that was arranged by federal banking regulators because of United Bank's well-publicized financial problems, including the run on its main branch in San Francisco's Chinatown last year. Banking regulators said United Bank's 26 branches throughout the state--including six in Southern California--will be open today for business as usual. The branches, however, will be operating under the new name of United Savings Bank.
BUSINESS
January 11, 1994 | JAMES S. GRANELLI, TIMES STAFF WRITER
Sending a signal to mortgage brokers, the Office of Thrift Supervision said Monday that it has banned a Garden Grove company from doing business in the banking industry for what the federal agency alleges were phony home loan applications. Taking action for the first time against a mortgage broker, the OTS banned Centrust Financial from peddling loans to, or otherwise working with, banks, savings and loans and other regulated financial institutions.
BUSINESS
January 11, 1994 | JAMES S. GRANELLI, TIMES STAFF WRITER
Sending a signal to mortgage brokers, the Office of Thrift Supervision said Monday that it has banned a Garden Grove company from doing business in the banking industry for what the federal agency alleges were phony home loan applications. Taking action for the first time against a mortgage broker, the OTS banned Centrust Financial from peddling loans to, or otherwise working with, banks, savings and loans and other regulated financial institutions.
REAL ESTATE
March 31, 1985
Liberty United, an Affiliate of Libertyville Federal Savings & Loan Assn. and United Savings Bank, has been formed to provide full-service financing for builders and developers. John W. Keighley is executive vice president of the new company, headquartered at 4425 Jamboree Road, Suite 130, Newport Beach.
BUSINESS
February 16, 1985
The new name for the 64-year-old savings and loan reflects the institution's broader geographic market and financial operations, said Larry Ulvestad, president of the savings and loan. United California Savings Bank, with $500 million in assets, has six offices in Southern California and "a background in multistate mortgage banking and commercial financing," Ulvestad said. The S&L's headquarters will remain in Anaheim.
NEWS
May 28, 1992
United Savings Bank will sponsor educational seminars designed to help low- and moderate-income families buy homes. Attendance at one of the seminars, which cover such aspects of home ownership as budgeting and obtaining a mortgage, is a requirement of qualifying for a bank program of loans with 5% down, eased credit requirements and reduced closing costs. The cost of the Saturday seminars, held from 9 a.m. to 2 p.m., is $7.
NEWS
May 28, 1992
United Savings Bank will sponsor educational seminars designed to help low- and moderate-income families buy homes. Attendance at one of the seminars, which cover such aspects of home ownership as budgeting and obtaining a mortgage, is a requirement of qualifying for a bank program of loans with 5% down, eased credit requirements and reduced closing costs. The cost of the Saturday seminars, held from 9 a.m. to 2 p.m., is $7.
NEWS
March 29, 1986 | TOM FURLONG, Times Staff Writer
Hibernia Bancshares acquired United Bank on Friday in a forced merger that was arranged by federal banking regulators because of United Bank's well-publicized financial problems, including the run on its main branch in San Francisco's Chinatown last year. Banking regulators said United Bank's 26 branches throughout the state--including six in Southern California--will be open today for business as usual. The branches, however, will be operating under the new name of United Savings Bank.
CALIFORNIA | LOCAL
January 23, 1990
Percy Duran, a Latino attorney and chairman of the board of a solid-waste recycling company, was named Monday by Los Angeles Mayor Tom Bradley to the city's Board of Public Works. Duran, whose appointment to the city's only full-time paid commission must be approved by the City Council, would replace Ed Avila, who resigned as board president to become one of Bradley's two deputy mayors.
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