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North Valley Bancorp
North Valley Bancorp was a bank holding company headquartered in Redding, California. The company operated 22 branches. The company was acquired by TriCo Bancshares in October 2014, in a merger valued at more than $178 million. History In September 1972, North Valley Bank was established as a California-chartered bank. The company commenced operations in February 1973. In 1980, North Valley Bancorp was incorporated as the holding company for North Valley Bank. In 2000, the company acquired Six Rivers National Bank. In September 2004, the company acquired Yolo Community Bank for $23 million. In June 2006, the company merged its two subsidiary banks: North Valley Bank and NVB Business Bank. In 2007, Sterling Financial Corporation Sterling Financial Corporation was a bank holding company headquartered in Spokane, Washington. In 2014, the company was acquired by Umpqua Holdings Corporation. The bank operated 173 branches in Washington, Oregon, California, Idaho. History .. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank
A bank is a financial institution that accepts 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 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 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 concepts of credit and lending that had their roots in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Redding, California
Redding is the economic and cultural capital of the Shasta Cascade region of Northern California and the county seat of Shasta County. Redding lies along the Sacramento River, north of Sacramento, and south of California's northern border with Oregon. Its population is 95,542 as of the 2022 census, up from 89,861 from the 2010 census. Etymology During the Gold Rush, the area that now comprises Redding was called Poverty Flats. In 1868 the first land agent for the Central Pacific Railroad, a former Sacramento politician named Benjamin Bernard Redding, bought property in Poverty Flats on behalf of the railroad so that it could build a northern terminus there. In the process of building the terminus, the railroad also built a town in the same area, which they named Redding in honor of Benjamin Redding. In 1874 there was a dispute over the name by local legislators and it was changed for a time to Reading, in order to honor Pierson B. Reading, who arrived in the area in 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
President (corporate Title)
A president is a leader of an organization, company, community, club, trade union, university or other group. The relationship between a president and a chief executive officer varies, depending on the structure of the specific organization. In a similar vein to a chief operating officer, the title of corporate president as a separate position (as opposed to being combined with a " C-suite" designation, such as "president and chief executive officer" or "president and chief operating officer") is also loosely defined; the president is usually the legally recognized highest rank of corporate officer, ranking above the various vice presidents (including senior vice president and executive vice president), but on its own generally considered subordinate, in practice, to the CEO. The powers of a president vary widely across organizations and such powers come from specific authorization in the bylaws like '' Robert's Rules of Order'' (e.g. the president can make an "executive decision ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Holding Company
A holding company is a company whose primary business is holding a controlling interest in the securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own shares of other companies to form a corporate group. In some jurisdictions around the world, holding companies are called parent companies, which, besides holding stock in other companies, can conduct trade and other business activities themselves. Holding companies reduce risk for the shareholders, and can permit the ownership and control of a number of different companies. '' The New York Times'' also refers to the term as ''parent holding company.'' Holding companies are also created to hold assets such as intellectual property or trade secrets, that are protected from the operating company. That creates a smaller risk when it comes to litigation. In the United States, 80% of stock, in voting and value, must be owned before tax consolidation benefits such ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Branch (banking)
A branch, banking center or financial center is a retail location where a bank, credit union, or other financial institution (including a brokerage firm) offers a wide array of face-to-face and automated services to its customers. History and description During the 3rd century banks in Persia (now Iran) and in other territories started to issue letters of credit known as Sakks, basically checks in today’s language, that could be traded in cooperative houses or offices throughout the Persian territories. In the period from 1100-1300 banking started to expand across Europe and banks began opening ‘branches’ in remote, foreign locations to support international trade. In 1327, Avignon in France had 43 branches of Italian banking houses alone. The practice of opening satellite branches was popularized in the early 20th century by Amadeo Giannini, then head of the Bank of America. Historically, branches were housed in imposing buildings, often in a neoclassical style of arch ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Union (newspaper)
''The Union'' is a daily newspaper serving Grass Valley and Nevada County, California. The Union provides news coverage of the local and regional level. Sections include news, sports, opinion, entertainment, and more. It has a daily print circulation of over 14,000 copies. As a local newspaper, most readers live in Nevada County area. The Union also publishes an online edition. Sixty-five people work for the newspaper. History ''The Union'' began publication as the ''Grass Valley Daily Morning Union'' on October 28, 1864. Jim Townsend and Henry Meyer Blumenthal founded the paper to support the Union cause and the re-election of Abraham Lincoln during the Civil War. Although the paper was founded for the purpose of supporting Lincoln's candidacy, Townsend immediately tried to sell the venture to a rival newspaper that supported the candidacy of George B. McClellan, Lincoln's Democratic Party rival. Blumenthal ousted Townsend and continued supporting Lincoln. The day before the el ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Banker
''American Banker'' is a Manhattan-based trade publication covering the financial services industry. Originally a daily newspaper, the print edition ceased publication in 2016, with an online edition continuing to be updated. The first issue of ''American Banker'' was published in 1885, though it has been considered a continuation of the earlier '' Thompson's Bank Note Reporter'', a bank note reporter which began publication in 1842. Although often confused with the American Bankers Association or other industry trade groups, ''American Banker'' is unaffiliated with any portion of the banking industry. History ''American Banker'' claims descent from '' Thompson's Bank Note Reporter'', a periodical published by John Thompson. For this reason, ''American Banker''s masthead gives a founding date of 1836, though the best available evidence suggests that Johnson's paper began publication in 1842. During the free banking era, ''Thompson's Bank Reporter'' was the most widely read and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business Wire
Business Wire is an American company that disseminates full-text press releases from thousands of companies and organizations worldwide to news media, financial markets, disclosure systems, investors, information web sites, databases, bloggers, social networks and other audiences. It is a subsidiary of Berkshire Hathaway. History Business Wire was founded in 1961 by Lorry I. Lokey. It started by sending releases to 16 media outlets in California. Business Wire launched its website in May 1995. In 2000, ahead of its main competitor PR Newswire, Business Wire ended the practice of distributing news to financial outlets 15 minutes before anyone else, to provide immediate, equal access to company information as noted by the SEC's fair disclosure regulation ( Reg FD). Business Wire's first wholly owned European operation launched in 2001, with the opening of an office in London. On June 1, 2005, Business Wire entered the German Ad-Hoc market with a disclosure network for companie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American City Business Journals
American City Business Journals, Inc. (ACBJ) is an American newspaper publisher based in Charlotte, North Carolina. ACBJ publishes The Business Journals, which contains local business news for 44 markets in the United States, Hemmings Motor News, Street & Smith's Sports Business Daily, and Inside Lacrosse. The company is owned by Advance Publications. The company receives revenue from display advertising and classified advertising in its weekly newspaper and online advertising on its website and from a subscription business model. The bizjournals.com website contains local business news from various cities in the United States, along with an archive that contains more than 5 million business news articles published since 1996. As of August 2021, it receives over 3.6 million readers each week. History The company was founded in 1982 by Mike Russell with the launch of the Kansas City Business Journal. In 1985, the company became a public company via an initial public offe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sterling Financial Corporation
Sterling Financial Corporation was a bank holding company headquartered in Spokane, Washington. In 2014, the company was acquired by Umpqua Holdings Corporation. The bank operated 173 branches in Washington, Oregon, California, Idaho. History The company commenced operations in 1983. In 1998, the company acquired 33 branches from KeyCorp. In 2007, the company agreed to acquire North Valley Bancorp for $196 million in cash and stock, but the merger was cancelled after failing to win regulatory approval. During the financial crisis of 2007-2008, the company received a $303 million investment by the United States Department of the Treasury as part of the Troubled Asset Relief Program. In October 2009, the company received a cease and desist order from regulators and initiated executive changes. In 2010, the company raised $730 million in capital to avoid being shut down by regulators. Thomas H. Lee Partners and Warburg Pincus each acquired a 22.6% stake in the company. In 201 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reuters
Reuters ( ) is a news agency owned by Thomson Reuters Corporation. It employs around 2,500 journalists and 600 photojournalists in about 200 locations worldwide. Reuters is one of the largest news agencies in the world. The agency was established in London in 1851 by the German-born Paul Reuter. It was acquired by the Thomson Corporation of Canada in 2008 and now makes up the media division of Thomson Reuters. History 19th century Paul Reuter worked at a book-publishing firm in Berlin and was involved in distributing radical pamphlets at the beginning of the Revolutions in 1848. These publications brought much attention to Reuter, who in 1850 developed a prototype news service in Aachen using homing pigeons and electric telegraphy from 1851 on, in order to transmit messages between Brussels and Aachen, in what today is Aachen's Reuters House. Reuter moved to London in 1851 and established a news wire agency at the London Royal Exchange. Headquartered in London, R ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1980 Establishments In California
__NOTOC__ Year 198 (CXCVIII) was a common year starting on Sunday (link will display the full calendar) of the Julian calendar. At the time, it was known as the Year of the Consulship of Sergius and Gallus (or, less frequently, year 951 ''Ab urbe condita''). The denomination 198 for this year has been used since the early medieval period, when the Anno Domini calendar era became the prevalent method in Europe for naming years. Events By place Roman Empire *January 28 **Publius Septimius Geta, son of Septimius Severus, receives the title of Caesar. **Caracalla, son of Septimius Severus, is given the title of Augustus. China *Winter – Battle of Xiapi: The allied armies led by Cao Cao and Liu Bei defeat Lü Bu; afterward Cao Cao has him executed. By topic Religion * Marcus I succeeds Olympianus as Patriarch of Constantinople (until 211). Births * Lu Kai (or Jingfeng), Chinese official and general (d. 269) * Quan Cong, Chinese general and advisor (d. 2 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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