Small banks raid staffs of Torrey Pines, La Jolla. (Torrey Pines Bank; La Jolla Bank and Trust Co.)

San Diego Business Journal | July 16, 1990| | Copyright

Small banks raid staffs of Torrey Pines, La Jolla

As local independent banks branch out across the county, they are casting lines into Torrey Pines Bank and La Jolla Bank & Trust Co. for both clients and employees.

Both banks are planning separate mergers with huge conglomerates, and ever since their plans were announced earlier this year, their workforces have turned into fishing ponds for independent banks.

Torrey Pines, which had $436 million in assets, joined with San Francisco's Wells Fargo & Co. in April. La Jolla Bank, with $508 million in ...

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