Large banks go against the grain to trim the fat: sideline businesses go by the wayside to stem losses. (Security Pacific National Bank, First Interstate Bank) (Special Report: Banks & Finance)

From: Los Angeles Business Journal | Date: May 13, 1991| Author: Newman, Morris | Copyright information

Large banks go against the grain to trim the fat

Sideline businesses go by the wayside to stem losses

Rowing against the tide of expansion and diversification, a number of large California banks have apparently decided that small is beautiful and are deliberately shrinking in size.

Both Security Pacific National Bank and First Interstate Bank, to name two of the largest, have decided to battle poor performance by trimming the fat from their operati...

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