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Security Pacific Corp.
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 Angel ...
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Bank Of America Corporation
The Bank of America Corporation (Bank of America) (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, with investment banking and auxiliary headquarters in Manhattan. The bank was founded by the merger of NationsBank and Bank of America in 1998. It is the second-largest banking institution in the United States and the second-largest bank in the world by market capitalization, both after JPMorgan Chase. Bank of America is one of the Big Four banking institutions of the United States. and one of eight systemically important financial institutions in the US. It serves about 10 percent 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. Through mergers, the oldest branch of the ...
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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 (banking), branch or Bank teller, teller, as opposed to other bank-owned property, such as a Train robbery, train, Armored car (valuables), 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 robberies occur in cities and towns. This concentration is often attributed to there being more branch (banking), branches in urban areas, but the number of bank robberie ...
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Equity (finance)
In finance, equity is an ownership interest in property that may be subject to debts or other liabilities. Equity is measured for accounting purposes by subtracting liabilities from the value of the assets owned. 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. When liabilities attached to an asset exceed its value, the difference is called a deficit and the asset is informally said to be "underwater" or "upside-down". 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 devel ...
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Chairman Of The Board
The chair, also chairman, chairwoman, or chairperson, is the presiding officer of an organized group such as a Board of directors, board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the group or organisation, presides over meetings of the group, and is required to conduct the group's business in an orderly fashion. In some organizations, the chair is also known as ''President (corporate title), president'' (or other title). In others, where a board appoints a president (or other title), the two terms are used for distinct positions. The term chairman may be used in a neutral manner, not directly implying the gender of the holder. In meetings or conferences, to "chair" something (chairing) means to lead the event. Terminology Terms for the office and its holder include ''chair'', ''chairman'', ''chairwoman'', ''chairperson'', ''convenor'', ''facilitator'', ''moderator (town official), moderator'', ''pr ...
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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, United States, 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 ...
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San Bernardino, California
San Bernardino ( ) is a city in and the 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 List of largest California cities by population, 18th-most populous 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 San Bernardino, 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 12th largest metropolitan area in the United States; the San Bernardino–Riverside MSA. Furthermore, the city's University District, San Bernardino, California, University District serves as a college town, as home to California State ...
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Improvised Explosive Device
An improvised explosive device (IED) is a bomb constructed and deployed in ways other than in conventional warfare, 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. The term "IED" was coined by the British Army during the Northern Ireland conflict to refer to booby traps made by the Provisional Irish Republican Army, IRA, and entered common use in the U.S. during the Iraq War. IEDs are generally utilized in terrorist operations or in asymmetric warfare, asymmetric unconventional warfare or urban warfare by insurgent guerrilla warfare, guerrillas or commando forces in a theater (warfare), theatre of operations. In the Iraq War (2003–2011), Iraqi insurgency (2003–2011), insurgents used IEDs extensively against U.S.-led forces, and by the end of 2007, IEDs were responsible for approximately 63% of Multi-National ...
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Handgun
A handgun is a firearm designed to be usable with only one hand. It is distinguished from a long gun, long barreled gun (i.e., carbine, rifle, shotgun, submachine gun, or machine gun) which typically is intended to be held by both hands and braced against the shoulder. Handguns have shorter effective ranges compared to long guns, and are much harder to shoot accurately. While most early handguns are single-shot pistols, the two most common types of handguns used in modern times are revolvers and semi-automatic pistols. Before commercial mass production, handguns were often considered a badge of office — comparable to a ceremonial weapon, ceremonial sword – as they had limited utility and were more expensive than the long barreled guns of the era. In 1836, Samuel Colt patented the Colt Paterson, the first practical mass-produced revolver, which was capable of firing five shots repeating firearm, in rapid succession and quickly became a popular personal weapon, giving rise to ...
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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 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, and allow it to "reset", before pulling the trigger again to fire off the next round. As a result, each trigger p ...
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Norco, California
Norco is a city in northwestern Riverside County, California, United States. Located roughly inland from the Pacific Ocean, Norco is known as "Horsetown, USA" and prides itself on being a "horse community". The area is dotted with corrals, farms, hitching posts, ranches, riding trails, and tack-and-feed supply stores; there are also city ordinances in-place requiring new 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 Luiseño Native Americans were the first inhabitants of the area. 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 1.56%, is water. One of the most notable geographi ...
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De Beers
The De Beers Group is a South African–British corporation that specializes in the diamond industry, including mining, exploitation, retail, inscription, grading, trading and industrial diamond manufacturing. The company is active in open-pit, underground, large-scale alluvial and coastal mining. It operates in 35 countries, with mining taking place in Botswana, Namibia, South Africa, and Canada. It also has an artisanal mining business, Gemfair, which operates in Sierra Leone. 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. By 2000, the company's control of the world diamond supply decreased to 63%. 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 South Africa who ...
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Liechtenstein
Liechtenstein (, ; ; ), officially the Principality of Liechtenstein ( ), is a Landlocked country#Doubly landlocked, doubly landlocked Swiss Standard German, German-speaking microstate in the Central European Alps, between Austria in the east and north and Switzerland in the west and south. Liechtenstein is a semi-constitutional monarchy headed by the prince of Liechtenstein of the House of Liechtenstein, currently led by Hans-Adam II. It is List of European countries by area, Europe's fourth-smallest country, with an area of just over and a population of 40,023. It is the world's smallest country to border two countries, and is one of the few countries with no debt. Liechtenstein is divided into Municipalities of Liechtenstein, 11 municipalities. Its capital is Vaduz, and its largest municipality is Schaan. It is a member of the United Nations, the European Free Trade Association, and the Council of Europe. It is not a member state of the European Union, but it participates i ...
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