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September 10, 1994 | DAVID W. MYERS, TIMES STAFF WRITER
The Resolution Trust Corp. said late Friday that it sold Western Federal Savings Bank of Marina del Rey to Home Savings of America and two other financial institutions for a combined $88.9 million. Irwindale-based Home Savings agreed to pay $87.2 million for Western Fed's headquarters office in Marina del Rey and 22 other branches scattered across Los Angeles and Orange counties. Together, the offices have $1.7 billion in deposits, the RTC said.
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BUSINESS
September 10, 1994 | DAVID W. MYERS, TIMES STAFF WRITER
The Resolution Trust Corp. said late Friday that it sold Western Federal Savings Bank of Marina del Rey to Home Savings of America and two other financial institutions for a combined $88.9 million. Irwindale-based Home Savings agreed to pay $87.2 million for Western Fed's headquarters office in Marina del Rey and 22 other branches scattered across Los Angeles and Orange counties. Together, the offices have $1.7 billion in deposits, the RTC said.
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BUSINESS
September 13, 1994
Pan American Bank, based in San Mateo, said it has acquired the business, deposits and the right to acquire the real estate site of the Panorama City branch of Western Federal Savings Bank. Pan American said the acquisition boosts its deposit base from about $105 million to $170 million.
BUSINESS
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.
NEWS
October 2, 1994 | ENRIQUE LAVIN
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.
NEWS
May 26, 1987 | Associated Press
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.
BUSINESS
August 14, 1994 | CHRIS WOODYARD, TIMES STAFF WRITER
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.
BUSINESS
March 27, 1996 | JAMES S. GRANELLI, TIMES STAFF WRITER
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.
NEWS
November 10, 1988 | Clipboard researched by Susan Greene and Rick VanderKnyff / Los Angeles Times
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.
NEWS
June 7, 1985 | PHILIP HAGER and BARRY BEARAK, Times Staff Writers
Nearly 200 federal agents raided branches of seven Puerto Rican financial institutions Thursday in what officials said was the first move in a far-ranging crackdown on widespread laundering of illicit profits from organized crime and drug trafficking. Present and former executives of two Puerto Rican banks, four savings and loans and two branches of Citibank, a U.S.
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