Business
The news was grim Friday when the directors of First Interstate Bancorp met in Los Angeles for an update on the bank’s proposed merger with First Bank System Inc. of Minneapolis.
Jan. 25, 1996
First Interstate Bancorp on Monday said it would press its $3.4-billion bid to acquire BankAmerica despite BankAmerica’s request that it withdraw the unwelcome offer.
Nov. 18, 1986
First Interstate Bancorp extended its foray into the fastest-growing regions of the West on Tuesday with the purchase of the Bank of A.
Aug. 3, 1994
As Wells Fargo & Co. and First Bank System Inc. press the merits of their competing bids for First Interstate Bancorp, they make it sound as though their offers reflect widely opposing views about how to increase shareholder value and, indeed, about the future of the banking business.
Nov. 10, 1995
New York’s Citicorp and several other major U.S. and foreign banks have held talks with First Interstate Bancorp about the purchase of BankAmerica assets if First Interstate succeeds in its $3.4-billion bid to buy the troubled San Francisco banking company, industry sources said Tuesday.
Nov. 19, 1986
First Interstate Bancorp’s proposed merger with First Bank System Inc. puts pressure on Wells Fargo & Co. to raise its bid for First Interstate or quickly find another marriage partner in the fast-consolidating banking industry, analysts said Monday.
Nov. 7, 1995
* Workers: First Interstate and First Bank System would cut 6,000 of 41,000 jobs, mainly administrative and data-processing positions.
In an effort to pare costs and streamline operations, Los Angeles-based First Interstate Bank of California plans to cut up to 875 jobs, or about 7% of its work force, possibly by the end of March, bank officials said Thursday.
Jan. 4, 1985
California
Confronted with a record long snow-related shutdown of Interstate 5--the state’s major north-south highway--trucking companies tore up their delivery schedules Thursday and sent their over-worked drivers along the much slower coastal route.
Feb. 10, 1989
World & Nation
The deadly crash of a commercial tanker truck has caused hazardous material to leak onto Interstate 10 outside Tucson, shutting down the highway.
Feb. 15, 2023