TOUGH INDUSTRY: The banking business has been...

TOUGH INDUSTRY: The banking business has been a real eye-opener for Richard Stenton, chairman of Laguna Bank in Laguna Beach. Stenton has gone through three presidents at his bank and now may sell it. . . . “When I got in this industry, I thought everybody paid off their loans,” he said. But tough times means foreclosures, and, for banks, he said, “there’s not a lot of rosy pictures out there.”