January 20, 1987
Champion Home Builders Co. announced that it terminated its preliminary agreement with Shelter America Corp. over Champion's proposed acquisition of certain business and assets of Shelter America. Champion had been negotiating to acquire a portion of Shelter's manufactured housing lending business, including certain loan servicing rights. Shelter America Corp. is a subsidiary of Bank Western Federal Savings Bank in Denver.
October 2, 1994 |
Crenshaw-based Founders National Bank has opened a new branch office in University Village just north of the USC campus, an area where banks are outnumbered by check-cashing stores. The new Founders office, acquired Sept. 9, is in the building formerly occupied by Western Federal Savings Bank, 3301 S. Hoover Ave.
August 14, 1994 |
The Resolution Trust Corp. has filed a lawsuit asking that a receiver be appointed to oversee the Plaza Alicante office tower and adjacent 400-room hotel because the property owner, Gateway Properties of Irvine, has fallen nearly $1.5 million behind in its payments. The RTC filed the action this week in Orange County Superior Court as conservator of Western Federal Savings Bank.
May 26, 1987 |
Five bombs exploded in Puerto Rican cities before dawn Monday, the day after King Juan Carlos and Queen Sofia of Spain arrived for a two-day visit. Police said there were no injuries in the blasts, all in cities outside San Juan. Three other bombs were found and dismantled and one bomb exploded in a police van as it was being taken to a demolition center.
March 27, 1996 |
The first day of public trading in Onyx Acceptance Corp.'s stock left its managers enthused, though it didn't engender the frenzied buying and selling and the soaring prices that marked other recent initial offerings by Orange County companies. Onyx, a specialized consumer finance company, opened at $11.75 a share on the Nasdaq market system and closed at $12.75, up from the price to underwriters of $11.50. About 2.5 million shares changed hands.
November 10, 1988 |
Effective July 1, 1987, Assembly Bill 2610 entitles California licensed drivers 55 and older to premium discounts on liability, medical payments and collision coverage if they take a state-approved course designed to improve the mature driver every 3 years. The incentive course is designed to improve driving skills and promote road safety for older adults.