May 20, 2009 | Financial Planning
Giants Leverage Failures to Reshape California Market
California is turning into a banking battleground. Despite the state's status as an epicenter of the mortgage crisis, financial companies eager to expand have spent the past year snapping up its failing banks, reshaping the top end of the market.
The former PFF Bank & Trust location at Foothill and Indian Hill Boulevard now contains U.S. Bank signs.
SemGroup on top 10 list for costly bankruptcy
OKLAHOMA CITY The reorganization of Tulsa-based SemGroup LP was the nation's seventh-costliest bankruptcy filing last year, which saw 136 public-company filings, according to a new report from Business ...
First California, Comerica banks expand inland
Once important financial institutions, PFF Bank & Trust and 1st Centennial Bank have collapsed under the weight of problem home-construction loans, only to be taken over by more stable financial institutions.
Cautious Inland banks shore up reserves
Industry experts say Inland bankers' cautious approach of late 2008 will likely carry well into 2009 as institutions continue to boost loan loss reserves to guard against prolonged tough times.
Profit erosion continues at U.S. Bancorp
U.S. Bancorp on Wednesday reported a 72 percent drop in earnings in the final three months of last year - its eighth-straight quarterly profit decline.
Redlands-based 1st Centennial Bank teeters on brink of collapse
Already taking its toll in lost jobs and shuttered retail stores, fallout from the Inland region's severe housing downturn could soon create its third casualty among locally based banks.
Coughlin Stoia Geller Rudman and Robbins LLP Files Class Action...
Coughlin Stoia Geller Rudman & Robbins LLP Files Class Action Suit Against Certain Officers and Directors of PFF Bancorp, Inc.
Bankruptcy court OKs PFF asset sale
A Delaware bankruptcy court has approved the sale of some assets of Rancho Cucamonga-based PFF Bancorp Inc.
Lawsuit targets collapse of PFF Bancorp
PFF Bancorp Inc. lost its biggest asset when federal authorities seized its PFF Bank & Trust in November.
Abraham, Fruchter & Twersky, LLP Files Class Action Suit Against PFF...
Abraham, Fruchter & Twersky, LLP filed a class action lawsuit in the United States District Court for the Central District of California on behalf of purchasers of the common stock of PFF Bancorp, Inc.
Class Action Lawsuit On Behalf Of PFF Bancorp. Inc (OTC: PFFB)...
Class Action Lawsuit On Behalf Of PFF Bancorp. Inc Investors Against Certain Officers and Directors of PFF Bancorp, Inc.
TARP Funds Fueling Global Buyouts, Not Lending
Bank of American Corp. , which is getting $15 billion from the U.S. government as part of the Treasury Department's $250 billion "recapitalization" effort, is doubling its stake in state-owned China ...
U.S. Bancorp Bets on Southern California Growth, Taking on Bank of America
Los Angeles residents already know U.S. Bancorp because the citya s tallest building bears its name.
Ontario Mills will lose Virgin Megastore
THE VIRGIN Megastore at Ontario Mills is closing in January, with a storewide clearance sale of CDs, DVDs and other items starting Friday.