BANKING & FINANCE - May 21, 1992
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Anaheim Banker Pleads Innocent: Richard J. Meyer, a La Habra real estate investor who headed an Anaheim bank, pleaded not guilty in San Francisco federal court to fraud and other charges in a 14-count indictment stemming from the 1986 collapse of Cal America Savings & Loan of Walnut Creek. Meyer, 54, who owned the thrift, is accused of using federally insured deposits to make risky loans that aided real estate projects in which he had an interest. He is also is accused of using thrift funds to pay his debts and provide him with lavish perks, such as a Rolls Royce and a Utah ski resort home. Meyer resigned May 11 as chairman of Pacific Inland Bancorp and director of its subsidiary, Pacific Inland Bank of Anaheim. He said there was no business relationship between the 8-year-old bank and Cal America.
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