LEADING CALIFORNIA COMPANIES 1987 : A ROSTER OF THE STATE'S LARGEST INDUSTRIAL, FINANCIAL, MERCHANDISING, TRANSPORTATION AND UTITLITY FIRMS : HOLDING COMPANIES

Compilation and analysis for the 1987 roster were provided by Maureen Perry and Cynthia Sosin of the Los Angeles Times marketing research department

KEY TO ROSTER--The corporate name of each company is followed by its founding or incorporation date in parentheses. Sales figures have been confined as closely as possible to operating revenues. They include equity in earnings of joint venture corporations as reported, but exclude nonoperating revenue such as dividends and gains from the sale of real estate. Income figures are given before extraordinary items. Related income-per-share figures are fully diluted when available and are based on average shares outstanding during the year, or the number of shares outstanding at year-end, depending on the company's accounting method. Sales and income figures are given for the year-end 1986 or fiscal year ended on or before February 28, 1987 followed in parentheses by sales and income figures, respectively, for the prior reporting period. Where preliminary figures have been made available, they have been so noted. Dividend figures (when paid) are reported for common stock shares. Asset figures are given as of the final day of the year covered by sales and income figures. The term "1986 Rank" indicates the rank of the company in the 1986 Los Angeles Times Roster. The 1986 Roster was published June 8, 1986 and used figures for years ended most recently prior to March 31, 1986. The abbreviation NYSE, ASE, PSE and OTC indicate listing/trading on the New York, American and Pacific stock exchanges or trading on the over-the-counter market. The various categories of companies have been ranked on the following basis: industrial firms by sales/revenues; merchandising firms by sales; transportation firms and utilities by revenues; and financial institutions and insurance firms by assets.

1 BankAmerica Corp. (1968) Bank holding company whose principal asset is Bank of America National Trust & Savings Assn. (see banks). BankAmerica subsidiaries engage in commercial lending; mortgage banking; marketing and distribution services for travelers cheques issued by BankAmerica; credit-related life and disability insurance; investment advisory services; corporate and institutional trust services; and venture capital advisory services. Assets: $104.19 billion year-end 1986 ($118.54 billion in 1985). Net income: loss of $518.0 million or $3.74 a share (loss of $337.0 million or $2.68). Employees: total 68,500; California 49,360. Headquarters: 555 California St., San Francisco 94104. Chairman and chief executive: A.W. Clausen. 1986 rank: 1. NYSE, PSE

2 Security Pacific Corp. (1971) Major subsidiary is Security Pacific National Bank (see banks). Other subsidiaries, domestic and international (over 1,100 offices), specialize in consumer and commercial finance, discount brokerage, mortgage banking, leasing, venture capital, pension fund management, investment banking, merchant banking, insurance, bond brokerage and other financial services. Assets: $62.61 billion year-end 1986 ($53.50 billion in 1985). Net income: $385.9 million or $4.86 a share ($322.8 million or $4.35). Employees: total 35,100; California not available. Headquarters: 333 S. Hope St., Los Angeles 90071. Chairman and chief executive: Richard J. Flamson III. President: George F. Moody. 1986 rank: 2. NYSE, PSE

3 First Interstate Bancorp (1957) Owns 24 banks with 976 offices in 12 western states and 33 offices overseas. Franchising has extended First Interstate's territory to Alaska, Hawaii, Iowa, Indiana, North Dakota and Wisconsin. Other subsidiaries engage in bank card operations, capital markets, data processing services, discount brokerage services, investment counseling, merchant banking, mortgage banking and venture capital. Assets: $55.42 billion year-end 1986 ($48.99 billion in 1985). Net income: $337.9 million or $7.13 a share ($313.1 million or $6.64). Employees: total 35,410; California 16,000. Headquarters: 707 Wilshire Blvd., Los Angeles 90017. Chairman and chief executive: Joseph J. Pinola. President: Edward M. Carson. 1986 rank: 3. NYSE, PSE

4 Wells Fargo & Co. (1969) Bank holding company which owns Wells Fargo Bank National Assn. (see banks), Wells Fargo Ag Credit, Wells Fargo Business Credit, Wells Fargo Credit Corp., Wells Fargo Investment Advisors, Wells Fargo Leasing Corp., Wells Fargo Realty Advisors and Central Western Insurance Co. Assets: $44.58 billion year-end 1986 ($29.43 billion in 1985). Net income: $273.5 million or $5.03 a share ($190.0 million or $4.15, restated). Per share figures reflect two-for-one stock split in January 1987. Employees: total 21,500; California not available. Headquarters: 420 Montgomery St., San Francisco 94163. Chairman and chief executive: Carl E. Reichardt. President: Paul Hazen. 1986 rank: 4. NYSE, PSE

5 Financial Corp. of America (1968) Principal operation is in the savings and loan industry. Major subsidiary is American Savings and Loan Assn. (see S&Ls;). Assets: $33.95 billion year-end 1986 ($27.37 billion in 1985). Net income: $95.4 million or $2.25 a share ($53.3 million or $1.01). Employees: total 5,780; California 5,770. Headquarters: 18401 Von Karman, Irvine 92715. Chairman, president and chief executive: William J. Popejoy. 1986 rank: 5. NYSE, PSE

6 Great Western Financial Corp. (1955) Savings bank holding company whose principal subsidiary is Great Western Bank, a Federal Savings Bank (see S&Ls;). Also operates more than 800 offices nationwide, engaged in real estate lending, mortgage banking, retail banking, consumer finance, real estate brokerage and other financial services. Assets: $27.63 billion year-end 1986 ($25.48 billion in 1985, restated). Net income: $300.8 million or $7.02 a share ($201.7 million or $5.02). Employees: total 11,910; California 7,800. Headquarters: 8484 Wilshire Blvd., Beverly Hills 90211. Chairman and chief executive: James F. Montgomery. President: John F. Maher. 1986 rank: 7. NYSE, PSE

7 H.F. Ahmanson & Co. (1928) Most profitable savings and loan operation in U.S. in 1986 and 1985. Principal subsidiary, Home Savings of America, is the nation's largest Adjustable Rate Mortgage lender; the largest seller and servicer of Adjustable Rate Mortgages in the secondary market, and has the largest deposit base of any S&L; in the U.S. Other subsidiaries engaged in real estate-related activities or provide support services to Home Savings of America customers. Most insurance subsidiaries were sold in 1986. Assets: $27.59 billion year-end 1986 ($27.20 billion in 1985). Net income: $303.6 million or $3.22 a share ($220.8 million or $2.63, restated). Per share figures reflect three-for-one stock split in May 1986. Employees: total 9,150; California 7,370. Headquarters: 3731 Wilshire Blvd., Los Angeles 90010. Chairman and Chief Executive: Richard H. Deihl. President: Mario Antoci. 1986 rank: 6. NYSE, PSE

8 CalFed Inc. (1983) Diversified financial services holding company whose principal subsidiary is California Federal Savings and Loan Assn. (see S&Ls;). Also involved in trust services, real estate development and syndication, property management, mortgage banking, consumer finance, insurance, pension plan administration, commercial banking and securities brokerage. Assets: $21.55 billion year-end 1986 ($19.00 billion in 1985). Net income: $164.4 million or $7.03 a share ($134.7 million or $6.02). Employees: total 7,090; California 6,170. Headquarters: 5670 Wilshire Blvd., Los Angeles 90036. Chairman: Robert R. Dockson. President and chief executive: George P. Rutland. 1986 rank: 8. NYSE, PSE

9 GLENFED Inc. (1985) A diversified financial and real estate services corporation. Parent company of Glendale Federal Savings & Loan Association. (see S&Ls;), with 176 branch offices in California and Florida. Glendale Federal also operates subsidiaries in 11 states. Assets: $18.05 billion year-end 1986 ($14.75 billion in 1985). Net income: $110.6 million or $4.74 a share ($70.8 million or $3.28). Employees: total 6,320; California 4,580. Headquarters: 700 N. Brand Blvd., Glendale 91203. Chairman and chief executive: Raymond D. Edwards. President: Norman M. Coulson. 1986 rank: 9. NYSE, PSE

10 Transamerica Corp. (1928) Diversified insurance and financial services company. Principal subsidiaries include: Transamerica Occidental Life Insurance Co. (see insurance), Transamerica Insurance Co. (see insurance), Transamerica Title Insurance, Transamerica Financial Services, Trans- america Interway. Assets: $16.18 billion year-end 1986 ($13.75 billion in 1985). Net income: $267.5 million or $3.57 a share ($145.8 million or $2.15). Employees: total 15,200; California 8,300. Headquarters: 600 Montgomery St., San Francisco 94111. Chairman and chief executive: James R. Harvey. President: Frank C. Herringer. 1986 rank: 10. NYSE, PSE

11 First Executive Corp. (1969) Holding company engaged in life insurance business nationally through its principal insurance subsidiaries Executive Life Insurance Co. (see insurance) and Executive Life Insurance Co. of New York. Assets: $14.38 billion year-end 1986 ($8.74 billion in 1985). Net income: $157.0 million or $1.76 a share ($123.5 million or $1.64, restated). Per share figures reflect a five-for-four stock dividend in September 1986. Employees: total 1,000; California 800. Headquarters: 11444 W. Olympic Blvd., Los Angeles 90064. Chairman, president and chief executive: Fred Carr. 1986 rank: 13. OTC

12 Golden West Financial Corp. (1959) Owns World Savings and Loan Assn. (see S&Ls;) which operates 196 offices in California, Colorado, Texas and Kansas. Assets: $12.44 billion year-end 1986 ($12.13 billion in 1985). Net income: $183.8 million or $5.89 per share ($160.0 million or $5.14). Employees: total 2,610; California 2,000. Headquarters: 1901 Harrison St., Oakland 94612. Chairman and chief executive: Herbert M. Sandler. President: Marion O. Sandler. 1986 rank: 11. NYSE, PSE

13 Gibraltar Financial Corp. (1959) A savings and loan holding company. Owns Gibraltar Savings (see S&Ls;), Gibraltar Savings of Washington and other financial service companies. Assets: $12.25 billion year-end 1986 ($9.85 billion in 1985). Net income: $49.1 million or $2.66 a share ($38.9 million or $2.34). Employees: total 2,420; California 2,320. Headquarters: 9111 Wilshire Blvd., Beverly Hills 90210. Chairman, president, and chief executive: Herbert J. Young. 1986 rank: 12. NYSE, PSE

14 Farmers Group Inc. (1927) Insurance holding company and attorney-in-fact for three inter-insurance exchange members of the Farmers Insurance Group of Companies. Principal affiliates and subsidiaries include Farmers, Truck and Fire Insurance Exchanges (see insurance), Farmers New World Life, Investors Guaranty Life and Ohio State Life Insurance Cos. Assets: $10.15 billion year-end 1986 ($8.33 billion in 1985). Net income: $213.5 million or $3.09 a share ($184.6 million or $2.72). Employees: total 15,510; California 6,170. Headquarters: 4680 Wilshire Blvd., Los Angeles 90010. Chairman, president and chief executive: Leo E. Denlea Jr. 1986 rank: 14. OTC

15 Imperial Corp. of America (1956) Owns two savings and loan associations operating 160 offices in California, Kansas and Colorado. Major subsidiary is Imperial Savings of California (see S&Ls;). Other subsidiaries are American Savings of Kansas, ICA Insurance and ICA Mortgage Corp., a nationwide mortage banking company. Assets: $9.60 billion year-end 1986 ($8.02 billion in 1985, restated). Net income: $50.3 million or $3.55 a share (loss of $16.5 million or $1.16) Employees: total 3,000; California not available. Headquarters: 8787 Complex Dr., San Diego 92123. Chairman: Victor N. Goulet. President and chief executive: Kenneth J. Thygerson. 1986 rank: 15. NYSE

16 Fireman's Fund Corp. (1985) Holding company engaged in fire and casualty insurance business nationally through its subsidiary Fireman's Fund Insurance Cos. (see insurance). Assets: $9.18 billion year-end 1986 ($7.99 billion in 1985). Net income: $228.5 million or $3.45 a share (loss of $44.3 million). Employees: total 12,730; California 5,080. Headquarters: 777 San Marin Dr., Novato 94998. Chairman and chief executive: John J. Byrne. President: William M. McCormick. 1986 rank: 16. NYSE, PSE

17 Financial Corp. of Santa Barbara (1962) One of the largest thrift issuers of mortgage-related securities in the U.S. and actively participates in the secondary mortgage market. Its principal subsidiary, Santa Barbara Savings and Loan, Central California's oldest and largest savings institution, provides diversified consumer financial services from 44 branches. Assets: $4.56 billion year-end 1986 ($3.13 billion in 1985). Net income: $19.1 million or $3.15 a share ($4.2 million or 80 cents). Employees: total 810; California same. Headquarters: 3908 State St., Santa Barbara 93105. Chairman, president and chief executive: Philip R. Brinkerhoff. 1986 rank: 18. NYSE, PSE

18 Citadel Holding Corp. (1983) Savings and loan holding company whose principal subsidiary is Fidelity Federal Savings and Loan Assn. Assets: $3.27 billion year-end 1986 ($3.14 billion in 1985). Net income: $29.0 million or $8.43 a share ($26.0 million or $7.73). Employees: total 720; California same. Headquarters: 600 N. Brand Blvd., Glendale 91209. Chairman: James A. Taylor. President: Edward L. Kane. 1986 rank: 17. NYSE

19 City National Corp. (1968) One-bank holding company, owning 100% of City National Bank (see banks). Assets: $3.14 billion year-end 1986 ($2.47 billion in 1985). Net income: $29.7 million or $1.62 a share ($24.2 million or $1.32, restated). Employees: total 2,180; California same. Headquarters: 400 N. Roxbury Dr., Beverly Hills 90210. Chairman and chiefexecutive: Bram Goldsmith. President: Alexander Kyman. 1986 rank: 20. OTC

20 Far West Financial Corp. (1889) Savings and loan holding company whose principal subsidiary is Far West Savings and Loan Assn. Assets: $3.03 billion year-end 1986 ($2.43 billion in 1985). Net income: $23.2 million or $3.01 a share ($16.1 million or $2.63, restated). Per share figures reflect three-for-one stock split in May 1986. Employees: total 750; California 700. Headquarters: 4001 MacArthur Blvd., Newport Beach 92660. Chairman and chief executive: William Belzberg. President: David E. Blackford. 1986 rank: 21. NYSE, PSE

21 Guarantee Financial Corp. of California (1973) Holding company for Guarantee Savings (41 San Joaquin Valley branches); GESCO Corp. (data processing); Guarantee Financial Real Estate; Guarantee Financial Services with Appraisal, Trust, Insurance and Lease divisions. Assets: $2.87 billion year-end 1986 ($2.86 billion in 1985). Net income: $8.0 million or $1.31 a share ($14.1 million or $2.32). Employees: total 1,700; California same. Headquarters: 1177 Fulton Mall, Fresno 93721. Chairman and chief executive: Lewis S. Eaton. President: Ed L. Hickman. 1986 rank: 19. OTC

22 Imperial Bancorp (1968) Owns 100% of Imperial Bank (see banks) and one non-bank subsidiary (Imperial Bank Realty Co.). Assets: $2.41 billion year-end 1986 ($1.68 billion in 1985). Net income: $33.3 million or $3.38 a share ($2.7 million or 29 cents). Employees: total 710; California same. Headquarters: 9920 S. La Cienega Blvd., Inglewood 90301. Chairman: George M. Eltinge. President: George L. Graziadio. 1986 rank: 22. OTC

23 Central Banking System Inc. (1966) Bank holding company whose major subsidiary is Central Bank (see banks) with 47 offices statewide. Assets: $1.22 billion year-end 1986 ($1.31 billion in 1985). Net income: $6.8 million or $1.67 a share ($6.4 million or $1.53). Employees: total 1,340; California 1,290. Headquarters: 160 Sansome St., San Francisco 94104. Chairman, president and chief executive: Michael G. Rafton. 1986 rank: 23. OTC

24 Westamerica Bancorporation (1884) Bank holding company whose principal subsidiary is Westamerica Bank, N.A., with 35 offices in eight Northern California counties. Westamerica's primary markets are in the affluent suburban communities and commercial centers of Marin, Sonoma and Solano counties. Assets: $1.18 billion year-end 1986 ($1.02 billion in 1985). Net income: $8.6 million or $3.33 a share ($5.4 million or $2.25). Employees: total 800; California same. Headquarters: 1108 Fifth Ave., San Rafael 94915. Chairman: Rex T. Silvernale. President and chief executive: Richard N. Hall. 1986 rank: none. ASE

To be included in The Times roster, companies must have their principal headquarters in California and, with the exception of certain financial institutions, their stock must be publicly held. Limited partnerships with publicly traded stock are included. The requirements eliminate many companies in the state generating billions of dollars in sales and profits, because their head offices are located outside California or because they are privately owned.

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