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C & S pact to buy factor biz of Security. (commercial finance companies Citizens and Southern Corp., Security Pacific Business Credit Inc.)
From:
Daily News Record
| Date:
October 24, 1989
| COPYRIGHT 1989 Fairchild Publications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
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C&S INKS PACT TO BUY FACTOR BIZ OF SECURITY
NEW YORK (FNS) -- Citizens & Southern Corp. has signed a definitive agreement to acquire the factoring business of Security Pacific Business Credit Corp. Terms were not disclosed.
As previously reported, the acquisiti...
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C & S pact to buy factor biz of Security. (commercial finance companies Citizens and Southern Corp., Security Pacific Business Credit Inc.)
Daily News Record
; C&S INKS PACT TO BUY FACTOR BIZ OF SECURITY NEW YORK (FNS) -- Citizens & Southern Corp. has signed a definitive agreement to acquire the factoring business of Security Pacific Business Credit Corp. Terms were not disclosed. As previously reported, the acquisition, if completed, would make
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Calif. Bank Sets Aside $850 Million; Security Pacific Acts To Cover Bad Loans
The Washington Post
; ... on the health of the nation's banks. The news will not be good, FDIC Chairman L. William ... be media baron Rupert Murdoch. Murdoch's News Corp. is having trouble paying for its ... merchant banking operation is the good news in the Security Pacific announcement, said ...
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Say C & S agrees to buy Security's factoring. (Citizens & Southern Commercial Corp., Security Pacific Business Credit Corp.)
Daily News Record
; SAY C&S AGREES TO BUY SECURITY'S FACTORING NEW YORK (FNS) -- Citizens & Southern Commercial Corp. reportedly has reached a tentative agreement to acquire the factoring business of Security Pacific Business Credit Corp., which would make C&S the second-largest factor in the country. If
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Hear C&S will buy SPBC factoring unit. (Citizens and Southern Commercial Corp., Security Pacific Business Credit Corp.)
WWD
; HEAR C&S WILL BUY SPBC FACTORING UNIT NEW YORK (FNS) -- Citizens & Southern Commercial Corp. reportedly has reached a tentative agreement to acquire the factoring business of Security Pacific Business Credit Corp., which would make C & S the second largest factor in the country. If the
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C & S buys Security Factoring. (commercial finance companies Citizens and Southern Commercial Corp., Security Pacific Business Credit Inc.)
Daily News Record
; C&S BUYS SECURITY FACTORING NEW YORK (FNS) -- Citizens & Southern Commercial Corp. has completed its purchase of the factoring business of Security Pacific Business Credit Corp., making it the second largest factor in the nation. C&S recently was doing about $4.6 billion a year in
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Bank can trade bond options // Fed OKs electronic trading system; would compete with Chicago
Chicago Sun-Times
; The Federal Reserve Board Thursday moved to allow a California bank to trade options on U.S. government bonds, a decision that could bring the bank in direct competition with Chicago's futures and options exchanges. The unanimous Fed vote allows Security Pacific Corp. to establish an electronic
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Security Pacific puts on agent's hat. (bank involvement in insurance business)
National Underwriter Property & Casualty-Risk & Benefits Management
; Security Pacific Puts On Agent's Hat The most recent chapter in the history of bank involvement in the insurance business began with the November, 1988, passage of Proposition 103 in California. The stated purpose of that proposition was, and is, to increase the affordability and availability of
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Homeward bound. (Security Pacific)
The Economist (US)
; LIKE their Japanese counterparts, America's bankers are retreating to their own backyards. The reasons are much the same on both sides of the Pacific: souring property loans, slowing economies and regulators' demands for more capital as protection against both. It is concentrating bankers' minds
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The Birth of the First Re-Factor
The Secured Lender
; ... different game, but it's good for the factoring business." [Author Affiliation] Sidney Rutberg is retired as financial editor of Fairchild News Service, Women's Wear Daily and the Daily News Record. He is a contributing editor to THE SECURED LENDER.
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Security Pacific Bank moving at full speed with ins. program.
National Underwriter Life & Health-Financial Services Edition
; Security Pacific Bank Moving At Full Speed With Ins. Program Security Pacific State Bank - despite the uncertainty surrounding Proposition 103 - is going full speed ahead in the development of its insurance operation, which it intends to build through mass marketing, in-branch kiosks, and referrals
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