Dr. Stephen Liu, CEO and chairman of the board of Tomato Bank, is shown in photo. Tomato Bank is opening a branch in Arcadia at 1317 S. Baldwin Avenue with a grand opening celebration on Saturday.
Citizens Bank-new banking firm opens here April 15 at temporary structure at 140 East Huntington Drive, while a permanent home is being built on the property. Features drive-in tellers. Citizens Bank has operated in Monrovia since 1926. It is under the direction of Robert L. Smith, executive vice president. See hard copy in VF Banks and Banking.
Major changes on tap for Arcadia in the new year. Delta Marriott Hotel slated for the old Santa Anita Inn; Arcadia's tallest building, currently housing Bank of America at 150 N. Santa Anita Avenue, has gone up for sale. The current Arcadia Self Storage at 35 W. Huntington Drive is proposed to become a modern food vendor location, reminiscent of the Grand Central Market in Downtown Los Angeles or the Anaheim Packing House.
Three views of business areas in Arcadia. On left is south side of Huntington Drive. Arcadia Hardware is still located at 52 E. Huntington Drive as it is shown here. On the right is the Bank of Italy which was located on NE corner of Huntington Drive and First Ave. The building just to the north up First Ave (with awnings) is also still in use.
Arcadia police are calling this past holiday season quiet in terms of criminal activity. The one crime of note was the bank robbery of Citizen's Business Bank on First Avenue on December 31, 2001.
StemCyte, in Arcadia, is working to develop a donor bank for stem cells from umbilical cord blood, which is less controversial than embryonic stem cells.
For the second consecutive week, concerns about the image of Arcadia were expressed at council meetings. Residents are concerned about a new tattoo parlor and Gina's, a bar and grill located beneath Bowling Square.
The Arcadia Business Association has requested a moratorium on beauty and nail shop in the downtown business district. There are reportedly 16 salons downtown and another 8 more on First Avenue south of California.
Upland-based Lewis Homes is in escrow to buy the old Foulger Ford site on Huntington Drive. Preliminary plans include a supermarket and two smaller retail spaces.