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Security Pacific
Security Pacific National Bank (SPNB) was a large U.S. bank headquartered in Los Angeles, California. It was acquired by Bank of America in 1992. History On September 1, 1868, Hellman, Temple and Co. opened their first bank branch in Los Angeles. The banking firm was the predecessor of Farmers and Merchants Bank (1870), which was the predecessor of Security First National Bank. The bank earned a reputation for aggressive business practices and benefited from economic and population growth in the Western United States. By the mid-20th century it had an international presence, and was ranked the fifth-largest bank in the United States and third-largest in California in terms of deposits. In 1967, Security First National Bank bought Pacific National Bank of San Francisco and became Security Pacific National Bank. In 1971, SPNB Security Pacific National Bank (SPNB) bought 69% of Bank of Canton. In 1975, Security Pacific Bank constructed a 55-story tower in downtown Los Angele ...
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Bank Of America Corporation
The Bank of America Corporation (often abbreviated BofA or BoA) is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina. The bank was founded in San Francisco. It is the second-largest banking institution in the United States, after JPMorgan Chase, and the second largest bank in the world by market capitalization. Bank of America is one of the Big Four banking institutions of the United States. It serves approximately 10.73% of all American bank deposits, in direct competition with JPMorgan Chase, Citigroup, and Wells Fargo. Its primary financial services revolve around commercial banking, wealth management, and investment banking. One branch of its history stretches back to the U.S.-based Bank of Italy (United States), Bank of Italy, founded by Amadeo Giannini, Amadeo Pietro Giannini in 1904, which provided various banking options to Italian diaspora, Italian immig ...
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Bank Robbery
Bank robbery is the criminal act of stealing from a bank, specifically while bank employees and customers are subjected to force, violence, or a threat of violence. This refers to robbery of a bank branch or teller, as opposed to other bank-owned property, such as a train, armored car, or (historically) stagecoach. It is a federal crime in the United States. According to the Federal Bureau of Investigation's Uniform Crime Reporting Program, robbery is "the taking or attempting to take anything of value from the care, custody, or control of a person or persons by force or threat of force or violence or by putting the victim in fear." By contrast, burglary is "unlawful entry of a structure to commit a felony or theft." Overview Places Bank robbery occurs in cities and towns. This concentration is often attributed to there being more branches in urban areas, but the number of bank robberies is higher than the number of branches. This has advantages both for bank robbers ...
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Equity (finance)
In finance, equity is ownership of assets that may have debts or other liabilities attached to them. Equity is measured for accounting purposes by subtracting liabilities from the value of the assets. For example, if someone owns a car worth $24,000 and owes $10,000 on the loan used to buy the car, the difference of $14,000 is equity. Equity can apply to a single asset, such as a car or house, or to an entire business. A business that needs to start up or expand its operations can sell its equity in order to raise cash that does not have to be repaid on a set schedule. In government finance or other non-profit settings, equity is known as "net position" or "net assets". Origins The term "equity" describes this type of ownership in English because it was regulated through the system of equity law that developed in England during the Late Middle Ages to meet the growing demands of commercial activity. While the older common law courts dealt with questions of property title, equi ...
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Chairman Of The Board
The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the group, presides over meetings of the group, and conducts the group's business in an orderly fashion. In some organizations, the chairperson is also known as ''president'' (or other title). In others, where a board appoints a president (or other title), the two terms are used for distinct positions. Also, the chairman term may be used in a neutral manner not directly implying the gender of the holder. Terminology Terms for the office and its holder include ''chair'', ''chairperson'', ''chairman'', ''chairwoman'', ''convenor'', ''facilitator'', '' moderator'', ''president'', and ''presiding officer''. The chairperson of a parliamentary chamber is often called the ''speaker''. ''Chair'' has been used to refer to a seat or office of authority ...
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Norco Shootout
The Norco shootout was an armed confrontation between five heavily armed bank robbers and deputies of the Riverside County and San Bernardino County sheriffs' departments in Norco, California, on May 9, 1980. Two of the five perpetrators and a sheriff's deputy were killed, eight other law enforcement officers, a civilian, and two other perpetrators were wounded, and massive amounts of gunfire damaged at least 30 police cars, a police helicopter, and numerous nearby homes and businesses. At approximately 3:40 p.m., five men armed with shotguns, a G3 rifle, HK93s, handguns, AR-15s, a ''katana'' and an improvised explosive device robbed the Norco branch of Security Pacific Bank. Deputies of the Riverside County Sheriff's Department responding to the bank robbery call confronted the perpetrators outside the bank and a shootout ensued, killing one perpetrator. The perpetrators then stole a vehicle in the bank parking lot and fled the scene, leading police on a car chase int ...
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San Bernardino, California
San Bernardino (; Spanish for "Saint Bernardino") is a city and county seat of San Bernardino County, California, United States. Located in the Inland Empire region of Southern California, the city had a population of 222,101 in the 2020 census, making it the 18th-largest city in California. San Bernardino is the economic, cultural, and political hub of the San Bernardino Valley and the Inland Empire. The governments of El Salvador, Guatemala, and Mexico have established the metropolitan area’s only consulates in the downtown area of the city. Additionally, San Bernardino serves as an anchor city to the 3rd largest metropolitan area in California (after Los Angeles and San Francisco) and the 13th largest metropolitan area in the United States; the San Bernardino-Riverside MSA. Furthermore, the city’s University District serves as a college town, as home to California State University, San Bernardino. San Bernardino was named in 1810, when Spanish priest Francisco Du ...
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Improvised Explosive Device
An improvised explosive device (IED) is a bomb constructed and deployed in ways other than in conventional military action. It may be constructed of conventional military explosives, such as an artillery shell, attached to a detonating mechanism. IEDs are commonly used as roadside bombs, or homemade bombs. IEDs are generally done in these terrorism operations or in asymmetric unconventional warfare by insurgent guerrillas or commando forces in a theatre of operations. In the Iraq War (2003–2011), insurgents used IEDs extensively against U.S.-led forces and, by the end of 2007, IEDs were responsible for approximately 63% of coalition deaths in Iraq. They were also used in Afghanistan by insurgent groups, and caused over 66% of coalition casualties in the 2001–2021 Afghanistan War. IEDs were also used frequently by the Liberation Tigers of Tamil Eelam (LTTE) in Sri Lanka during the Sri Lankan Civil War. Background An IED is a bomb fabricated in an improvised manner ...
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Handgun
A handgun is a short- barrelled gun, typically a firearm, that is designed to be usable with only one hand. It is distinguished from a long gun (i.e. rifle, shotgun or machine gun, etc.), which needs to be held by both hands and also braced against the shoulder to be used properly. The two most common types of handguns in modern times are revolvers and semi-automatic pistols, although other types such as derringers and machine pistols also see infrequent usage. Before commercial mass production, handguns were often considered a badge of office, comparable to a ceremonial sword. As they had limited utility and were more expensive than the long guns of the era, the few who could only afford to purchase them carried these handguns. However, in 1836, Samuel Colt patented the Colt Paterson, the first practical mass-produced revolver, which was capable of firing five shots in rapid succession and very quickly became a popular defensive weapon, giving rise to the saying, "God cre ...
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Semi-automatic Firearm
A semi-automatic firearm, also called a self-loading or autoloading firearm (fully automatic and selective fire firearms are also variations on self-loading firearms), is a repeating firearm whose action mechanism ''automatically'' loads a following round of cartridge into the chamber (self-loading) and prepares it for subsequent firing, but requires the shooter to ''manually'' actuate the trigger in order to discharge each shot. Typically, this involves the weapon's action utilizing the excess energy released during the preceding shot (in the form of recoil or high-pressure gas expanding within the bore) to unlock and move the bolt, extracting and ejecting the spent cartridge case from the chamber, re-cocking the firing mechanism, and loading a new cartridge into the firing chamber, all without input from the user. To fire again, however, the user must actively release the trigger, allow it to "reset", before pulling the trigger again to fire off the next round. As a result, eac ...
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Norco, California
Norco is a city in Riverside County, California, in the United States. Norco is known as Horsetown, USA and prides itself on being a "horse community," with horse trails, hitching posts, and corrals, and city ordinances requiring construction to have a "traditional, rustic... Western flavor". As of the 2020 census, the city population was 26,316, down from 27,063 at the 2010 census. History The area was part of Rancho La Sierra granted in 1846 by Governor Pío Pico to Vicenta Sepulveda. The city's name is a portmanteau of "North Corona", named after the North Corona Land Company. Norco had its "grand opening" on Mother's Day, May 13, 1923, and was later incorporated as a city on December 28, 1964. Geography According to the United States Census Bureau, the city has a total area of of which is land and , or 2.22%, is water. One of the most notable geographical features in Norco, visible from anywhere in the city, are the Santa Ana Mountains. Vegetation Norco is rich in ...
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De Beers
De Beers Group is an international corporation that specializes in diamond mining, diamond exploitation, diamond retail, diamond trading and industrial diamond manufacturing sectors. The company is active in open-pit, large-scale alluvial and coastal mining. It operates in 35 countries and mining takes place in Botswana, Namibia, South Africa, Canada and Australia. From its inception in 1888 until the start of the 21st century, De Beers controlled 80% to 85% of rough diamond distribution and was considered a monopoly. Competition has since dismantled the complete monopoly; the De Beers Group now sells approximately 29.5% of the world's rough diamond production by value through its global sightholder and auction sales businesses. The company was founded in 1888 by British businessman Cecil Rhodes, who was financed by the South African diamond magnate Alfred Beit and the London-based N M Rothschild & Sons bank. In 1926, Ernest Oppenheimer, a German immigrant to Britain and later ...
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Liechtenstein
Liechtenstein (), officially the Principality of Liechtenstein (german: link=no, Fürstentum Liechtenstein), is a German-speaking microstate located in the Alps between Austria and Switzerland. Liechtenstein is a semi-constitutional monarchy headed by the prince of Liechtenstein. Liechtenstein is bordered by Switzerland to the west and south and Austria to the east and north. It is Europe's fourth-smallest country, with an area of just over and a population of 38,749 (). Divided into 11 municipalities, its capital is Vaduz, and its largest municipality is Schaan. It is also the smallest country to border two countries. Liechtenstein is a doubly landlocked country between Switzerland and Austria. Economically, Liechtenstein has one of the highest gross domestic products per person in the world when adjusted for purchasing power parity. The country has a strong financial sector centred in Vaduz. It was once known as a billionaire tax haven, but is no longer on any officia ...
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