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Article: Branched out: last Beverly Hills Bancorp site is long way from Rodeo Drive.(Up Front)
- Article from:
- Los Angeles Business Journal
- Article date:
- September 11, 2006
- Author:
CopyrightCOPYRIGHT 2006 CBJ, L.P. 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. (Hide copyright information)
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THERE'S not much that a bank would seem to have in common with a professional baseball team- unless you're talking Beverly Hills Bancorp Inc.
The local holding company recently announced the sale of its Beverly Hills branch, First Bank of Beverly Hills, leaving the publicly traded firm with only a Calabasas location and an out-of-place corporate name.
"Well, the Los Angeles Angels of Anaheim changed their name," quipped Larry Faigin, president of First Bank of Beverly Hills and its holding company.
Further complicating the name game: The branch's purchaser, the similarly-named First Banks Inc., a privately held bank based in St. Louis, ...