description |
First Las Angeles is a California state-chartered Bank which commenced operations on September 6, 1973. An 85o/o ownership ofthe Bank is held by a wholly-owned subsidiary of Istituto Bancario San Paolo di Torino. First Las Angeles Bank conducts substantially all of the business operations of an independent commercial bank, with special emphasis in the commercial, professional and business areas. Its operations include the acceptance of checking and savings deposits, and the making of commercial, real estate, personal home improvement, automobile and other installment and term loans. Among its commercial customers are a number of individuals and entities in the entertainment industry, which are served principally by the Bank's Entertainment lndustries Division in the Beverly Hills Office. First Las Angeles Bank also offers an International Banking Division, a Real Estate Lending Division, a Specialized Lending Division, servicing primarily Small Business Administration loans and accounts receivable financing; an Escrow Department, and a full range of traditional commercial banking services. |
BIBLIOGRAPHY |
IBSP, VCA; October 26, 1981 IBSP, VCA; April 30, 1982 IBSP, VCA; April 16, 1982 IBSP, Financial Statements |