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Eureka Federal Savings
Eureka Federal Savings was a San Carlos, California, based thrift, which operated primarily in the San Francisco Bay Area, with 35 branches at the thrift's height. Founded in 1890, it was one of the oldest savings and loan organizations in California. Being a savings and loan, it was known primary for interest bearing accounts, certificates of deposit, and home loans, before its eventual downfall. Collapse Like many other savings and loans of its time, Eureka Federal made risky investments in the 1980s, primarily in the Las Vegas, Nevada, casino market. Many of its investments soured, and the thrift was seized by the Federal Savings and Loan Insurance Corporation in 1988. It was sold to private investors, and became EurekaBank, a Federal Savings Bank. Sponsorships Eureka Federal Savings was the sponsor of the one-time Eureka Federal Savings Classic, a pro golf tournament on the Champions Tour, held in San Francisco in 1981. Popular culture The Eureka Federal Savings name wa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Insolvency
In accounting, insolvency is the state of being unable to pay the debts, by a person or company ( debtor), at maturity; those in a state of insolvency are said to be ''insolvent''. There are two forms: cash-flow insolvency and balance-sheet insolvency. Cash-flow insolvency is when a person or company has enough assets to pay what is owed, but does not have the appropriate form of payment. For example, a person may own a large house and a valuable car, but not have enough liquid assets to pay a debt when it falls due. Cash-flow insolvency can usually be resolved by negotiation. For example, the bill collector may wait until the car is sold and the debtor agrees to pay a penalty. Balance-sheet insolvency is when a person or company does not have enough assets to pay all of their debts. The person or company might enter bankruptcy, but not necessarily. Once a loss is accepted by all parties, negotiation is often able to resolve the situation without bankruptcy. A company t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
EurekaBank
EurekaBank was a Foster City, California, based bank, with primary operations in the San Francisco Bay Area. Formerly known as Eureka Federal Savings and Loan, based out of San Carlos, California, and known for a scandal in the 1980s involving John DeLorean (maker of the car made famous by the movie Back to the Future). The bank operated 36 branches in the region, and was one of the largest local banks. Its overall existence was short, as it was acquired by Bay View Bank in 1998, less than ten years after it was founded as a replacement to the failed Eureka Federal Savings Eureka Federal Savings was a San Carlos, California, based thrift, which operated primarily in the San Francisco Bay Area, with 35 branches at the thrift's height. Founded in 1890, it was one of the oldest savings and loan organizations in Califo .... References External links * {{U.S. Bancorp Defunct banks of the United States Banks established in 1988 1988 establishments in California Companies ba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bay View Bank
Bay View Bank was a San Mateo, California, based bank which, at its height, operated 58 branches across the San Francisco Bay Area. It was one of the largest locally based banks in the San Francisco market. It had $3.03 billion in combined total deposits and $731,000 in loans, as of September 30, 2002. A wholly owned subsidiary of Bay View Capital Corp., Bay View Bank was liquidated in 2002 and sold off in parts. U.S. Bank bought its retail branch network and home mortgage assets, and Washington Mutual bought its multifamily and commercial real estate assets. History Bay View Capital Corporation was traded on the New York Stock Exchange under the ticker symbol BVC. Its stock suffer greatly at the end of the Twentieth Century. After the value of its stock had dropped 50% during, Bay View Capital decided in May 2000 than it was time sell some or all of its business before the value of the company drops further. Eventually, the owners of the corporation would vote for dissolution an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Savings And Loan
Wealth is the abundance of valuable financial assets or physical possessions which can be converted into a form that can be used for transactions. This includes the core meaning as held in the originating Old English word , which is from an Indo-European word stem. The modern concept of wealth is of significance in all areas of economics, and clearly so for growth economics and development economics, yet the meaning of wealth is context-dependent. An individual possessing a substantial net worth is known as ''wealthy''. Net worth is defined as the current value of one's assets less liabilities (excluding the principal in trust accounts). At the most general level, economists may define wealth as "the total of anything of value" that captures both the subjective nature of the idea and the idea that it is not a fixed or static concept. Various definitions and concepts of wealth have been asserted by various individuals and in different contexts.Denis "Authentic Development: Is i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
San Carlos, CA
San Carlos (Spanish for "St. Charles") is a city in San Mateo County, California, United States. The population is 30,722 per the 2020 census. History Native Americans Prior to the Spanish arrival in 1769, the land of San Carlos was occupied by a group of Native Americans who called themselves the Lamchins. While they considered themselves to have a separate identity from other local tribes, modern scholars consider them to be a part of the Ohlone or Costanoan tribes that inhabited the Bay Area. The Lamchins referred to the area of their primary residenceprobably on the north bank of Pulgas creekas "Cachanihtac", which included their word for vermin. When the Spanish arrived, they translated this as "the fleas", or "las Pulgas", giving many places and roads their modern names. The Native American life was one of traditional hunting and gathering. There was plentiful game and fowl available, and fish could be caught in the San Francisco Bay. There were also grasses, pl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer finance, consumer-finance companies, brokerage firm, stock brokerages, investment management, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act, GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the Takeover, acquisit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eureka Federal Savings And Loan
Eureka (often abbreviated as E!, or Σ!) is an intergovernmental organisation for research and development funding and coordination. Eureka is an open platform for international cooperation in innovation. Organisations and companies applying through Eureka programmes can access funding and support from national and regional ministries or agencies for their international R&D projects. , Eureka has 43 full members, including the European Union (represented by the European Commission) and four associated members (Argentina, Chile, South Africa, and Singapore). All 27 EU Member States are also members of Eureka. Eureka is not an EU research programme, but rather an intergovernmental organisation of national ministries or agencies, of which the EU is a member. Cooperation and synergy are sought between Eureka and the research activities of the EU proper, such as with European Union's Horizon 2020 and the European Research Area. History Founded in 1985 by prominent European polit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Savings And Loan Insurance Corporation
The Federal Savings and Loan Insurance Corporation (FSLIC) was an institution that administered deposit insurance for savings and loan institutions in the United States. History Establishment The FSLIC was established by the National Housing Act of 1934, which was signed into law by President Franklin D. Roosevelt on June 27, 1934. Upon the creation of the FSLIC, it was assigned a capital stock of $100,000,000. All federal savings and loan associations were required to apply for insurance through the FSLIC; other building and loan associations whose capital was not impaired were also allowed to apply. The FSLIC was given certain regulatory powers over insured institutions, requiring each institution to accumulate reserves over several years. FSLIC assessed an annual insurance premium, which was calculated as 0.25% of the total amount of all accounts of insured shareholders or members, plus any creditor obligations. The FSLIC would suspend insurance premiums whenever the FSLIC's res ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eureka Federal Savings Classic
The Eureka Federal Savings Classic was a golf tournament on the Champions Tour played only in 1981. It was played in San Francisco, California at the Harding Park Golf Club TPC Harding Park, formerly Harding Park Golf Club and commonly known as Harding Park, is a municipal golf course on the West Coast of the United States, located in western San Francisco, California. It is owned by the city and county of It is .... The purse for the tournament was US$150,000, with $25,000 going to the winner, Don January. References {{Former Champions Tour Events Former PGA Tour Champions events Golf in California Sports competitions in San Francisco ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Milk (2008 American Film)
''Milk'' is a 2008 American biographical film based on the life of gay rights activist and politician Harvey Milk, who was the first openly gay person to be elected to public office in California, as a member of the San Francisco Board of Supervisors. Directed by Gus Van Sant and written by Dustin Lance Black, the film stars Sean Penn as Milk and Josh Brolin as Dan White, a city supervisor, and Victor Garber as San Francisco Mayor George Moscone. Attempts to put Milk's life to film followed a 1984 documentary of his life and the aftermath of his assassination, titled ''The Times of Harvey Milk'', which was loosely based upon Randy Shilts's 1982 biography, ''The Mayor of Castro Street'' (the film won the Academy Award for Best Documentary Feature for 1984, and was awarded Special Jury Prize at the first Sundance Film Festival, among other awards). Various scripts were considered in the early 1990s, but projects fell through for different reasons, until 2007. Much of ''Milk'' was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Defunct Banks Of The United States
{{Disambiguation ...
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Established In 1890
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a Bank regulation, high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concept ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
