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Article: Small banks raid staffs of Torrey Pines, La Jolla. (Torrey Pines Bank; La Jolla Bank and Trust Co.)
- Article from:
- San Diego Business Journal
- Article date:
- July 16, 1990
- Author:
CopyrightCOPYRIGHT 1990 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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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 assets, will merge with $86 billion-asset Security Pacific National Bank of Los Angeles within the ...