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Proposition 103, titled Insurance Rate Reduction and Reform Act, was a California ballot proposition voted on in the 1988 California General Election. It passed with 51% of the vote on November 8, 1988. [1] Proposition 103 expanded the regulatory capacities of the California Department of Insurance, especially in property and casualty insurance.
Long a significant supplier of domestic lending in a credit-tight economy, the bank attempted—with only partial success—to revive the local credit market during the tenure of Gabriela Ciganotto, who stated the main goal of the bank in her inauguration speech in 2006 as "putting [the bank] at the service of production, especially small and medium businesses, and not of speculation."
Since 2014, the bank has been the official bank of the USC Trojans, the athletic program of the University of Southern California. [16]In 2016, the Banc of California announced a partnership with Los Angeles FC, a Major League Soccer franchise, and a 15-year, $100 million deal with the club for the naming rights to their stadium Banc of California Stadium in Los Angeles, which opened in 2018.
Alvord was president of the Bank of California until his death in San Francisco on December 21, 1904. [18] In January 1905, Homer S. King left Wells Fargo & Company to assume the presidency of the Bank of California. [19] In 1910, the Bank of California incorporated the San Francisco National Bank, the successor to the bank founded by Peder ...
The bank soon opened branches elsewhere in Argentina, and it changed its name in 1865 to the London and River Plate Bank (Banco de Londres y Río de la Plata). The bank expanded over the years to have operations in Uruguay, Brazil and Chile. [2] In 1918, it was acquired by Lloyds Bank Limited.
The BN was created January 27, 1966, by Law 16000, approved by the Peruvian congress and was signed into law by the then-president Fernando Belaúnde Terry.Its predecessors date to 1905, when José Pardo created the Caja de Depósitos y Consignaciones or Bank of Deposits and Consignments.
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