State Closes Troubled Southern Pacific Bank San Francisco – Citing mounting operations and loan losses, the State of California today closed the Southern Pacific Bank, an industrial bank, located in Torrance, California along with three branches located in... Read MoreRead more about State Closes Troubled Southern Pacific Bank
Volume 6, Number 8Closing of Southern Pacific BankOn Friday, February 7, 2003, the Commissioner of Financial Institutions took possession of SouthernPacific Bank, Torrance and ordered that it be liquidated. The Commissioner then tendered to the FederalDeposit... Read MoreRead more about DFI Monthly Bulletin – February 2003