Business
Acquisition: Pasadena lender will change from REIT to bank with the $62.5-million purchase of SGV Bancorp.
July 14, 1999
Most major banks based in the San Fernando and Santa Clarita valleys posted higher profits in the second quarter, outperforming major local savings and loans, which showed large drops in profits or even losses for the period.
Aug. 8, 1989
Most of the largest banks and savings and loans based in the San Fernando Valley area got a lot better, but not much bigger, last year.
Feb. 11, 1986
California
The parent companies of Bank of Orange County and Pacific National Bank tentatively agreed Thursday to a merger that would make 5-year-old Pacific National one of the county’s larger independent banks.
May 15, 1987
Bouncing back from weak performances last year, most of the largest banks and savings and loans with headquarters in the San Fernando Valley area posted sharp gains in profits during the second quarter of this year.
July 30, 1985
It didn’t pay nearly as much to invest in local small-company stocks in 1993 as it did the previous two years.
Jan. 4, 1994
In its second announced merger with a North County bank this summer, La Jolla Bancorp, holding company of La Jolla Bank and Trust Co., announced Tuesday that it has signed a definitive agreement to acquire Bank of Del Mar in a stock swap valued at $4 million.
Sept. 9, 1987
Mineral King Bancorp to Be Acquired: ValliCorp, the largest bank-holding company in the central San Joaquin Valley, said it plans to acquire Visalia-based Mineral King Bancorp for nearly $34 million.
May 9, 1994
Most of the major banks and savings and loans in the San Fernando Valley and surrounding regions continued to suffer from the slumping real estate market and falling interest rates in the quarter that ended Dec. 31.
March 3, 1992
Most of the major banks and thrifts in the San Fernando Valley and surrounding regions posted modestly higher profits in the fourth quarter of 1990, aided by a gradual decline in money-market interest rates.
March 26, 1991