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

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 American Savings and Loan Assn. (1922) Ranks third nationally in deposits. Principal operating subsidiary of Financial Corp. of America (see holding companies). Has 172 retail savings offices and 22 residential loan centers. Assets: $33.93 billion year-end 1986 ($27.36 billion in 1985). Deposits: $16.98 billion ($17.43 billion). Net income: see holding company. Employees: total 5,780; California same. Headquarters: 343 E. Main St., Stockton 95201. Chairman, president and chief executive: William J. Popejoy. 1986 rank: 1. NYSE, PSE as Financial Corp. of America

2 Home Savings of America (1889) Ranks first nationally in deposits. An adjustable Rate Mortgage lender and seller and servicer of Adjustable Rate Mortgages in the secondary market. Operates 312 savings branches and 98 mortgage lending offices in 18 states. Assets: $27.42 billion year-end 1986 ($26.49 billion in 1985). Deposits: $21.76 billion ($19.47 billion). Net income: $323.4 million ($226.6 million). Employees: total 9,140; California 6,750. Headquarters: 1001 Commerce Dr., Irwindale 91706. Chairman and chief executive: Richard H. Deihl. President: Mario J. Antoci. 1986 rank: 2. NYSE, PSE as H.F. Ahmanson & Co.

3 Great Western Bank (1887) (Formerly Great Western Savings and Loan Assn.) Ranks second nationally in deposits. Operates largest branch network of any savings institution in California. Principal subsidiary of Great Western Financial Corp. (see holding companies). Offices: 260 in California; 28 in Florida. Assets: $27.23 billion year-end 1986 ($25.05 billion in 1985, restated). Deposits: $18.21 billion ($17.67 billion). Net income: $300.2 million ($203.9 million). Employees: total 11,540; California 7,430. Headquarters: 8484 Wilshire Blvd., Beverly Hills 90211. Chairman and chief executive: James F. Montgomery. President: John F. Maher. 1986 rank: 3 (Great Western Savings and Loan Assn.). NYSE, PSE as Great Western Financial Corp.

4 California Federal Savings and Loan Assn. (1925) Ranks fourth nationally in deposits and has offices in California, Florida, Georgia and Nevada. Subsidiaries include: Cal Fed Enterprises, Cal Fed Syndications, Cal Fed Asset Management, Cal Fed Investment Management, Cal Fed Insurance Agency, Cal Fed Finance, Cal Fed Investment Services, Cal Fed Mortgage and California Communities Inc. Offices: 188. Assets: $20.54 billion year-end 1986 ($18.20 billion in 1985). Deposits: $15.46 billion ($13.05 billion). Net income: $143.4 million ($115.4 million). Employees: total 6,090; California 5,160. Headquarters: 5670 Wilshire Blvd., Los Angeles 90036. Chairman: Robert R. Dockson. President and chief executive: William L. Callendar. 1986 rank: 4. NYSE, PSE as CalFed Inc.

5 Glendale Federal Savings and Loan Assn. (1934) Ranks fifth nationally in deposits. A diversified financial and real estate services corporation. Has authorized branches in California and Florida and operates subsidiaries in ten states. Principal subsidiary of GLENFED Inc. (see holding companies). Offices: 174. Assets: $17.45 billion year-end 1986 ($14.15 billion in 1985). Deposits: $12.70 billion ($10.99 billion). Net income: $111.2 million ($69.2 million). Employees: total 3,800; California 2,510. Headquarters: 700 N. Brand Blvd., Glendale 91209. Chairman: Raymond D. Edwards. President and chief executive: Norman M. Coulson. 1986 rank: 5. NYSE, PSE as GLENFED Inc.

6 First Nationwide Bank, a Federal Savings Bank (1885) Ranks seventh nationally in deposits. Indirect subsidiary of Ford Motor Company. Offices: 253. Assets: $15.23 billion year-end 1986 ($11.57 billion in 1985). Deposits: $11.11 billion ($8.80 billion). Net income: $104.2 million ($75.1 million). Employees: total 3,220; California 1,990. Headquarters: 700 Market St., San Francisco 94102. Chairman and chief executive: Anthony M. Frank. President: Robert E. Lackovic. 1986 rank: 7.

7 Great American First Savings Bank (1885) Ranks ninth nationally in deposits. Full line of deposit products; investment services; and real estate, consumer and business loans. Offices: 180. Assets: $13.06 billion year-end 1986 ($8.84 billion in 1985, restated). Deposits: $8.88 billion ($6.50 billion, restated). Net income: $93.7 million or $3.52 a share ($43.1 million or $2.20, restated). Employees: total 3,390; California 2,760. Headquarters: 600 "B" St., San Diego 92183. Chairman and chief executive: Gordon C. Luce. President: James C. Schmidt. 1986 rank: 10. NYSE, PSE

8 World Savings and Loan Assn. (1912) Ranks 11th nationally in deposits. Owned by Golden West Financial Corp. (see holding companies). Offices: 196. Assets: $12.44 billion year-end 1986 ($12.13 billion in 1985). Deposits: $7.70 billion ($7.60 billion). Net income: $183.0 million ($159.4 million). Employees: total 2,610; California 2,000. Headquarters: 1901 Harrison St., Oakland 94612. Chairman: Herbert M. Sandler. Chief executive: Marion O. Sandler. 1986 rank: 6. NYSE, PSE as Golden West Financial Corp.

9 Home Federal Savings and Loan Assn. of San Diego (1934) Ranks 10th nationally in deposits. Diversified financial services and real estate lending company. Operates retail banking offices throughout California and makes real estate and commercial business loans in select markets nationally. Offices: 167. Assets: $12.07 billion year-end 1986 ($10.02 billion in 1985). Deposits: $8.56 billion ($7.43 billion). Net income: $103.4 million or $4.62 a share ($72.8 million or $3.53). Employees: total 3,600; California 3,580. Headquarters: 625 Broadway, San Diego 92101. Chairman and chief executive: Kim Fletcher. President: Robert F. Adelizzi. 1986 rank: 8. NYSE, PSE

10 Gibraltar Savings (1886) Ranks 17th nationally in deposits. A 101 year-old state-chartered institution with over 100 retail savings and loan production offices. Wholly-owned subsidiary of Gibraltar Financial Corp. (see holding companies). Owns Gilbraltar Management of Properties Inc., Gibraltar MoneyCenter Inc. and GFC Leasing Corp. Offices: 110. Assets: $11.41 billion year-end 1986 ($9.52 billion in 1985). Deposits: $5.73 billion ($6.06 billion). Net income: $40.6 million ($46.1 million). Employees: total 2,140; California 2,060. Headquarters: 9111 Wilshire Blvd., Beverly Hills 90210. Chairman and chief executive: Herbert J. Young. President: Jerome Nussbaum. 1986 rank: 9. NYSE, PSE as Gibraltar Financial Corp.

11 Columbia Savings and Loan Assn. (1958) Ranks 19th nationally in deposits. Offices: 35. Assets: $10.22 billion year-end 1986 ($7.12 billion in 1985). Deposits: $5.19 billion ($4.69 billion). Net income: $193.5 million or $4.35 a share ($122.2 million or $3.08). Employees: total 840; California same. Headquarters: 8840 Wilshire Blvd., Beverly Hills 90211. Chairman: Abraham Spiegel. President and chief executive: Thomas Spiegel. 1986 rank: 14. NYSE, PSE

12 Coast Savings and Loan Assn. (1935) Ranks 16th nationally in deposits. Offices: 93. Assets: $9.73 billion year-end 1986 ($7.47 billion in 1985). Deposits: $5.93 billion ($4.48 billion). Net income: $50.4 million ($21.4 million). Employees: total 1,750; California same. Headquarters: 855 S. Hill St., Los Angeles 90015. Chairman and chief executive: Ray Martin. President: Gerrald D. Barrone. 1986 rank: 11. NYSE, PSE

13 Imperial Savings Assn. (1926) Ranks 18th nationally in deposits. Subsidiary of Imperial Corp. of America (see holding companies). Offices: 89. Assets: $8.91 billion year-end 1986 ($7.30 billion in 1985). Deposits: $1.84 billion ($5.50 billion). Net income: $47.5 million (loss of $14.3 million). Employees: total 1,800; California same. Headquarters: 8787 W. Complex Dr., San Diego 92123. Chairman: Victor N. Goulet. Chief executive: Kenneth J. Thygerson. 1986 rank: 12. NYSE, ASE, PSE as Imperial Corp. of America

14 Sears Savings Bank (1926) Ranks 21st nationally in deposits. Indirectly wholly-owned subsidiary of Sears, Roebuck and Co., Chicago, IL. Offices: 91. Assets: $6.80 billion year-end 1986 ($7.12 billion in 1985). Deposits: $5.05 billion ($4.94 billion). Net income: $4.5 million ($24.2 million). Employees: total 1,200; California same. Headquarters: 701 N. Brand Blvd., Glendale 91203. Chairman and chief executive: John J. Detterick. President: Ronald F. Danner. 1986 rank: 13. NYSE as Sears, Roebuck and Co.

15 Citicorp Savings, a Federal Savings and Loan Assn. (1921) Ranks 47th nationally in deposits. A wholly-owned subsidiary of Citicorp. Offices: 93. Assets: $4.98 billion year-end 1986 ($4.41 billion in 1985). Deposits: $3.07 billion ($3.06 billion). Net income: $59.9 million ($44.8 million, restated). Employees: total 1,700; California same. Headquarters: 180 Grand Ave., Oakland 94604. President and chief executive: L. E. "Ed" Valencia. 1986 rank: 15. NYSE as Citicorp

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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