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A new Security Pacific Bank emerged in February 2005, the result of a name change by a bank formerly known as Network Bank USA and, prior to that, Golden Pacific Bank. The new Security Pacific Bank (which failed on November 7, 2008) [8] had no relation to Bank of America or the former Security Pacific National Bank, although it did use a ...
On July 1, 2008, the company announced the sale of its home lending division to Lone Star Funds for $1.5 billion in cash and the assumption of $4.4 billion in debt and the sale of its manufactured housing loan portfolio, with a face value of $470 million in loans, to Vanderbilt Mortgage and Finance for approximately $300 million. [17] [18]
Bank of America Plaza, formerly Security Pacific Plaza, is a 55-story, 224.03 m (735.0 ft) class-A office skyscraper on Bunker Hill, Los Angeles, California. It was completed in 1974 with the headquarters of Security Pacific National Bank , Capital Group Companies and Sheppard, Mullin, Richter & Hampton as its main tenants.
Century Housing, and its predecessor, the Century Freeway Housing Program (CFHP), was initially created in response to the environmental and social impacts expected from development of the Century Freeway, one of the last urban segments of the Interstate Highway System to be developed in an existing urban area before fiscal realities ended the growth of freeway development. [1]
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A company veteran, he joined Home Savings as a loan agent in 1960 and was elected CEO of the subsidiary in 1967. Under Deihl's leadership, Ahmanson company avoided the high returns from junk bonds during the mid-1980s, preferring to rely on the safer 1% to 1.5% earnings garnered from a home loan. It was a prescient decision.
Security Trust and Savings was built in 1921 and upon opening was the tallest building in Hollywood. [1] It features Italian Renaissance revival architecture and was designed by John and Donald Parkinson , [ 2 ] [ 3 ] who also designed some of the Los Angeles 's most notable landmarks, including Union Station and the Memorial Coliseum .
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