Two Acquire Stake in Capistrano Group
- Share via
Frank Millman and Lynn Millman acquired an 83.4% stake in Capistrano Group of Santa Monica on April 27, according to a Securities and Exchange Commission filing.
The Millmans paid $1.25 million for 2.9 million shares, purchased from the Federal Deposit Insurance Corp. FDIC took control of the bank after it was declared insolvent on Dec. 20, 1985.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
