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United Security Trust Co

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BUSINESS
February 25, 1989 | DOUGLAS FRANTZ, Times Staff Writer
The State Banking Department closed a Santa Barbara trust company Friday, saying heavy operating losses had left the company in an unsafe financial condition. United Security Trust Co. is one of 20 non-banking companies licensed by the state to act as a trustee for individuals and businesses in administering trust funds and employee benefit programs. United Security had investment authority over 470 trust accounts with a total market value of $89 million.
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BUSINESS
February 25, 1989 | DOUGLAS FRANTZ, Times Staff Writer
The State Banking Department closed a Santa Barbara trust company Friday, saying heavy operating losses had left the company in an unsafe financial condition. United Security Trust Co. is one of 20 non-banking companies licensed by the state to act as a trustee for individuals and businesses in administering trust funds and employee benefit programs. United Security had investment authority over 470 trust accounts with a total market value of $89 million.
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BUSINESS
September 29, 1991
John Brown has been appointed senior vice president and senior trust officer in California Central Trust Bank's trust administration and marketing division. Before joining CalTrust, Brown was with Mutual of New York, where he oversaw new business development in qualified retirement plan consulting. He has held other posts with Sanwa Bank California and the Bank of New York. In addition, John Unroe has been promoted to vice president and senior compliance officer.
BUSINESS
November 19, 1987 | AL DELUGACH, Times Staff Writer
Los Angeles County Superior Court Judge Jerry K. Fields granted a temporary restraining order Wednesday to halt operations of Commercial Acceptance Corp. But he declined to put the so-called personal property broker under receivership without a full hearing. The order restrains the company, its officers and a business associate, John C. Ellsworth, from violating state securities laws by selling unregistered securities.
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