Business
First American Bankshares Inc. of Washington was secretly acquired in 1981 by the Bank of Credit & Commerce International, which used its First American holdings to help finance fraudulent activities around the world, according to Bank of England officials and informed sources in this country.
July 24, 1991
First American Financial Corp. of Santa Ana, parent of the third largest title insurance company in the nation, is getting into the banking business.
Aug. 2, 1985
The widening scandal involving the Bank of Credit & Commerce International led Tuesday to the resignation of Clark M.
Aug. 14, 1991
First Vietnamese American Bank closes
Nov. 6, 2010
First Union to Buy Bank Linked to BCCI: First Union Corp., based in Charlotte, N.C., said it will buy First American Metro Corp. of McLean, Va., in a $453-million cash deal.
Feb. 27, 1993
Authorities are investigating loans to former U.S. government officials by the Washington bank that was secretly owned by the scandal-plagued Bank of Credit & Commerce International, the Federal Reserve’s top attorney disclosed Friday.
Sept. 14, 1991
The Federal Reserve is investigating loans to U.S. officials by First American Bankshares Inc., the bank that was secretly owned by scandal-ridden Bank of Credit & Commerce International, a Fed official said Friday.
World & Nation
The Federal Reserve Board and the Department of Justice are investigating whether a large international bank has secretly and illegally held controlling ownership in Washington’s largest bank, headed by former Defense Secretary Clark M.
March 2, 1991
Federal banking regulators were offered evidence that the Bank of Credit & Commerce International owned Washington’s First American Bank nearly two years before opening a full-scale investigation of the linkage, law enforcement officials say.
Sept. 4, 1991