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Valley National Bank

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BUSINESS
July 18, 1987 | JAMES F. PELTZ, Times Staff Writer
Valley National Bank, founded 30 years ago in Glendale by a group that included relatives of baseball legend Casey Stengel, said Friday that it has agreed to be acquired by the Italian parent of First Los Angeles Bank for $46.7 million and will be merged into First Los Angeles. Instituto Bancario San Paolo di Torino of Turin, Italy, agreed to pay $25.67 in cash for each of Valley National's 1.82 million common shares outstanding.
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BUSINESS
May 12, 1999 | Bloomberg News
Valley National Corp. shares rose nearly 19% after the El Cajon-based bank agreed to be bought by Community First Bankshares Inc. of Fargo, N.D., for $65 million in stock. The bank, with $5.9 billion in assets, has offices in 11 Western states, from Arizona to the Dakotas. Valley National, which operates Valle de Oro Bank, has $241 million in assets and six offices in the San Diego area.
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BUSINESS
August 25, 1989 | JAMES F. PELTZ, Times Staff Writer
Valley National Bank in Glendale, which was founded by a group that included the family of baseball legend Casey Stengel, agreed Thursday to be acquired for $55 million by Wells Fargo & Co., the San Francisco-based parent of Wells Fargo Bank. Valley National, with $255.4 million in assets as of June 30, operates two offices in Glendale and branches in Burbank, Eagle Rock, Montrose, Toluca Lake and Van Nuys. Wells Fargo, with $47.
CALIFORNIA | LOCAL
October 13, 1998 | STEVE HARVEY
A new sandwich shop, called NDSF, has opened on 1st Street in Little Tokyo. It's next door to Senor Fish. As a matter of fact, that's what NDSF means, "Next Door to Senor Fish." * L.A. VERSE: Speaking of food, today's guest poet, Keren R. Herscowitz, rhapsodizes about the offerings in her salute to the downtown streets: "My Main squeeze eats a Spring roll on Broadway, while my over-the-Hill father eats an Olive-topped pizza (instead of working out at the gym).
BUSINESS
April 29, 1986
Clarence C. Jones was elected chairman and Joseph H. Valentine was appointed president and chief executive of Valley National Bank, Glendale. Wesley L. Nash was named senior vice president and Linus E. Southwick chairman emeritus.
BUSINESS
November 23, 1993
First Valley National Bank, a Lancaster-based community bank with a second branch in Palmdale, reported a profit of $64,000 for the first nine months of this year, up from $4,000 in the same period a year earlier. First Valley was founded in late 1990 by a group of local business owners. The bank's assets totaled $30.4 million as of Sept. 30, up 29% from a year earlier, said First Valley President Wayne Rosenberger.
CALIFORNIA | LOCAL
October 13, 1998 | STEVE HARVEY
A new sandwich shop, called NDSF, has opened on 1st Street in Little Tokyo. It's next door to Senor Fish. As a matter of fact, that's what NDSF means, "Next Door to Senor Fish." * L.A. VERSE: Speaking of food, today's guest poet, Keren R. Herscowitz, rhapsodizes about the offerings in her salute to the downtown streets: "My Main squeeze eats a Spring roll on Broadway, while my over-the-Hill father eats an Olive-topped pizza (instead of working out at the gym).
CALIFORNIA | LOCAL
August 5, 1994 | DOUGLAS ALGER, SPECIAL TO THE TIMES
A Los Angeles man with a 24-year career in banking and business operations was named president of Valencia National Bank on Thursday, replacing the founding president, who was ousted June 1. John M. Reardon, an executive officer for The Ram Cos., is scheduled to take over the post Aug. 22. The Ram Cos., based in Oklahoma, is a conglomerate of firms that include manufacturing and financial operations.
CALIFORNIA | LOCAL
June 3, 1994 | DOUGLAS ALGER, SPECIAL TO THE TIMES
Valencia National Bank trustees this week praised founding President Robert Manley for helping the institution get off the ground, expand to a second and third branch and make a profit during the past seven years. Then, they fired him. Board chairman Lou Garasi on Thursday confirmed that Manley was terminated during a special meeting of the board of directors Wednesday. He said the board had been concerned about Manley's management for the last two years.
BUSINESS
November 23, 1993
First Valley National Bank, a Lancaster-based community bank with a second branch in Palmdale, reported a profit of $64,000 for the first nine months of this year, up from $4,000 in the same period a year earlier. First Valley was founded in late 1990 by a group of local business owners. The bank's assets totaled $30.4 million as of Sept. 30, up 29% from a year earlier, said First Valley President Wayne Rosenberger.
BUSINESS
April 15, 1992 | JAMES BATES, TIMES STAFF WRITER
Ohio-based Banc One Corp. on Tuesday said it will acquire Arizona's largest bank, Valley National Corp., for $1.2 billion in stock, creating the nation's eighth-largest bank with its first major thrust into the West. The unexpected acquisition means that Banc One, which in recent years has emerged as one of the nation's premier banks, is now a head-to-head competitor with BankAmerica Corp.
BUSINESS
August 23, 1988 | JAMES F. PELTZ, Times Staff Writer
Most major banks based in the San Fernando Valley posted higher earnings in the second quarter, but the area's big savings and loans repeated their mixed performance of the first three months of 1988. The banks generally attributed their gains to their ability to manage a gradual rise in interest rates during the quarter.
BUSINESS
April 15, 1992 | JAMES BATES, TIMES STAFF WRITER
Ohio-based Banc One Corp. on Tuesday said it will acquire Arizona's largest bank, Valley National Corp., for $1.2 billion in stock, creating the nation's eighth-largest bank with its first major thrust into the West. The unexpected acquisition means that Banc One, which in recent years has emerged as one of the nation's premier banks, is now a head-to-head competitor with BankAmerica Corp.
BUSINESS
August 25, 1989 | JAMES F. PELTZ, Times Staff Writer
Valley National Bank in Glendale, which was founded by a group that included the family of baseball legend Casey Stengel, agreed Thursday to be acquired for $55 million by Wells Fargo & Co., the San Francisco-based parent of Wells Fargo Bank. Valley National, with $255.4 million in assets as of June 30, operates two offices in Glendale and branches in Burbank, Eagle Rock, Montrose, Toluca Lake and Van Nuys. Wells Fargo, with $47.
BUSINESS
August 23, 1988 | JAMES F. PELTZ, Times Staff Writer
Most major banks based in the San Fernando Valley posted higher earnings in the second quarter, but the area's big savings and loans repeated their mixed performance of the first three months of 1988. The banks generally attributed their gains to their ability to manage a gradual rise in interest rates during the quarter.
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