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Fremont Bank is a retail and commercial bank and California mortgage lender. Founded in 1964, Fremont Bank is one of the oldest independent family-owned and managed banks in the state. It has 20 branches [1] across the counties of Alameda, Contra Costa, Santa Clara, San Francisco and Monterey with retail loan offices in Sacramento and Los ...
Broadway would normally pay a discount rebate to brokers who brought loans to the bank. From 2007 to 2010, he "demanded from the brokers that all or part of that rebate amount be paid to him." According to the Department of Justice, the scheme netted the loan officer $350,000, and caused losses to the bank of at least $4.2 million. [ 7 ]
Beneficial State Bank (formerly One PacificCoast Bank, FSB; and OneCalifornia Bank) is an Oakland, California-based community development bank.The bank was founded in 2007 by billionaire philanthropist and former presidential candidate Tom Steyer and his wife Kat Taylor, to provide loans and banking services to individuals in low wealth communities, including entrepreneurs and existing businesses.
Fremont General Corporation was a Santa Monica, California based holding company for Fremont Investment & Loan, an industrial bank that was one of the largest subprime mortgage lenders in the country during the early and mid 2000s.
The saving bank merger resulted in the third largest thrift in the nation with $51 billion in assets and have more than 400 branches in eight states with 280 of those branches in California. The merger also resulted in the elimination of 60 California Federal and Glendale Federal branches and 1,100 out of the 8,400 jobs. [1] [8] [9] [10] [11]
On December 18, 2009, First Federal Bank of California was closed by the Office of Thrift Supervision. The assets and deposits of Federal Bank of California in Santa Monica were bought by closely held OneWest Bank. As of December 2010, the FDIC estimates the failure of First Federal Bank of California will cost the deposit insurance fund $10.0 ...
A long-awaited program that will give unrestricted monthly cash payments to Fresno families experiencing poverty will launch this summer. On Thursday, the Fresno Economic Opportunities Commission ...
First Franklin was founded in 1981 in San Jose, California, US, to serve the prime credit market, but in 1994 it switched to serve the nonprime lending market.(One of the co-founders of the company was Bill Dallas, who served as its chairman, CEO and chairman emeritus until 2003, and who subsequently bought OwnIt Mortgage Solutions, which was 20% owned by Merrill Lynch.