|
|
|
HISTORY
|
|
|
|
Royal American Corporation was organized September 24, 1959 under
the business corporation laws of the State of Louisiana. The
corporation was subject at one time to the Securities Exchange
Act of 1934 but has been inactive since 1980 and no longer subject
to S.E.C. reporting. The business of the company throughtout its life to date has been in the historical definition for a "holding" company and is illustrated below by some of the businesses which it owned outright, or controlled. Royal American Life Insurance Company - an old-line legal reserve life insurance company. Continental Security Life Insurance Company - Credit life insurance company Life Insurance Company of America - life insurance Bank of St. Charles, Louisiana - Bank Royal American Planning Service, Inc. - sale of mutual funds Home Owners Mortgage Corporation - mortgage loans and related investments. United Guarnty Corporation - Mortgage Guaranty Insurance Royal American Ageny - Property and casualty insurance Home Owners Agency, Inc. - Property and casualty insurance, and real estate brokerage. Commercial Insurance Agency - Property and casualty insurance Commerce Acceptance Corporation - Personal finance Mercantile Financing Incorporated - Personal finance Redi Credit Plan, Inc. - Investments Jefferson Hills Partnership - Senior citizen retirement subdivision Point Aquarius - Resort real estate developers Point Aquarius Country Club - Resort country club International Resorts Incorporated - Resort real estate developers Glen Oaks Development Corporation - Real estate developers. Pleasant Acres - Real estate developers Tara Subdivision - Real estate developers Kennilworth Subdivision - Real estate developers Baker Land Company - Real estate developers Royal American Land Company - Real estate developers Morning Treat Coffee Company, Inc. - Coffee roasters and suppliers to retail and office accounts. Two Guys, Inc. - Retail appliance store Don's Enterprises, Inc. (Don's Furniture) - Retail furniture sales Metro Delivery Service, Inc. - Retail store contract delivery fleet operator Metro Delivery Service of Baton Rouge - retail store contract delivery fleet operator |