Business
From his office in Pasadena, Dominic Ng watched as California banks fell like dominoes — first crypto-friendly Silvergate Capital in early March, then Silicon Valley Bank days later, followed by San Francisco’s First Republic Bank at the beginning of May.
Aug. 23, 2023
PacWest Bancorp is moving to shore up liquidity to protect itself after customers pulled 20% of their deposits since the start of the year.
March 22, 2023
CU Bancorp of Encino has agreed to sell the operating assets of its mortgage banking division to Republic Bancorp of Ann Arbor, Mich.
Nov. 2, 1993
With its capital base eroded and state regulators ready to take over, El Camino Thrift & Loan Assn. was sold Monday to First Republic Bancorp in San Francisco for “nominal consideration.”
Jan. 14, 1986
CommerceBancorp, one of Orange County’s larger bank holding companies, has begun negotiating for the purchase of a Torrance-based bank, company officials said Thursday.
March 1, 1991
CommerceBancorp, one of Orange County’s larger bank holding companies, said Thursday it has ended talks about a possible merger with a Torrance bank.
May 3, 1991
As part of its shift away from real estate, Encino-based California United Bank plans to sell some of its mortgage-banking operations to Republic Bancorp of Ann Arbor, Mich.
Oct. 5, 1993
In the first quarter, Citicorp, the nation’s largest bank, had to wrestle with the problem of bad loans from Brazil and ended up taking a $2.5-billion loss.
May 26, 1987
American Republic Bancorp of Torrance said Friday that it has reached an agreement to acquire Palos Verdes National Bank in a combination cash-stock transaction worth about $5 million.
Oct. 1, 1988
San Fernando Valley banks with more than $100 million in assets posted a 38% earnings gain as a group in 1986, thanks to low interest rates and a generally strong economy.
March 17, 1987