Results tagged “bank”

Despite an abundance of precaution over a possible bank break-in, police officials have called a code 4--everything back to normal, no issues--at a Bank of America branch in Sherman Oaks. Around 8 a.m. when the bank manager arrived, things seemed out of place and suspicious noises were heard coming from the vault area. Police were alerted who in turn shut down Ventura Blvd. between Cedros and Willis for 3 and a half hours. Search teams found no one or any evidence of of a robbery or person. A transient with a black duffle bag--wrong place, wrong time, wrong bag--was temporarily detained and eventually let go. In the photo to the right, captured by an LAist reader in an office building across the street, police are seen on the roof of the bank building.

Police have shut down Ventura Boulevard between Cedros and Willis in Sherman Oaks after bank employees suspected a possible break-in in progress this morning. Upon arriving around 8 a.m., bank workers heard suspicious noises coming from the vault area. They alerted police who in turn precautiously shut down the busy artery during rush hour as they prepared to enter the building. As of 9:40 a.m., police were preparing to enter the building, according to Officer Bruce Borihanh at Media Relations. UPDATE: A police search party exited the building empty handed, but noticed a man carrying a black duffel bag. He has been detained in handcuffs and is being questioned, according to KNX1070. UPDATE 2: The man was determined to be a homeless person not related to the incident. UPDATE 3: Ventura Blvd. has reopened, but police continue to search for a possible suspect.

The Los Angeles Police Department are searching for a bank robber they've dubbed the "Salt & Pepper Bandit" (because of his hair). Authorities believe he is behind at least 12 bank robberies from a variety of local banking institutions that have taken place between January 5-22, and one today at just after noon at the Bank of America located at 11501 Santa Monica Boulevard.

The symbol of the housing boom and bust, Pasadena based IndyMac Bank that was seized in July by the federal government, has been sold to a group of seven investors for $13.9 billion. "We have assembled a group of experienced private investors in financial services to acquire the former IndyMac and operate it under new management with extensive banking experience," Steven Mnuchin, the leader of the holding company that bought the bank, said in a statement. "We will inject significant private capital into IndyMac so that it can once again effectively serve its customers and communities."

Is this a sign of the times? In most likely unrelated cases, two banks have been robbed by two elderly people estimated to be in their 60s or 70s.

If you bank at Security Pacific, your money's now with Pacific Western. Following Friday's shut down by the California Department of Financial Institutions, the four branches of the Los Angeles-based bank were taken over by the FDIC, who then "entered into a purchase and assumption agreement with Pacific Western Bank of Los Angeles to assume all deposits of Security Pacific, whose four branches will reopen on today as Pacific Western branches," according to MyFox Los Angeles. Customers are being assured that there has been no changes to their accounts, and their monies remain insured through the FDIC. Security Pacific is the 19th bank nationally and the 3rd in California to fail.

Two female bank employees, ages 41 and 39, were transported to Northridge Hospital in stable condition after they were exposed to a $100 bill at San Fernando Valley Washington Mutual this afternoon. The incident, which took place at 10370 Mason Ave. in Chatsworth, happened around 1:00 p.m. The Los Angeles Fire Department's Hazardous Materials Squad were deployed after one teller complained that her hand was burning after touching the bill.