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===Post-Conquest period=== [[File:Pine Street, Long Beach (15301961807).jpg|thumb|right|The [[First National Bank of Long Beach]] at the turn of the century]] Following the U.S. [[Conquest of California]], Temple had his Rancho Los Cerritos deeded to him by the [[Public Land Commission]]. In 1866, Temple sold Rancho Los Cerritos for $20,000 to the Northern California sheep-raising firm of [[Bixby land companies|Flint, Bixby & Company]], which consisted of brothers Thomas and Benjamin Flint and their cousin [[Bixby family|Llewellyn Bixby]]. Two years previous Flint, Bixby & Co had also purchased along with Northern California associate [[James Irvine (landowner)|James Irvine]], three ranchos which would later become the city that bears Irvine's name. To manage Rancho Los Cerritos, the company selected Llewellyn's brother Jotham Bixby, the "Father of Long Beach". Three years later, Bixby bought into the property and would later form the Bixby Land Company. In the 1870s, as many as 30,000 sheep were kept at the ranch and sheared twice yearly to provide wool for trade. In 1880, Bixby sold {{convert|4,000|acre|km2}} of the Rancho Los Cerritos to [[William E. Willmore]], who subdivided it in hopes of creating a farm community, [[Willmore, Long Beach, California|Willmore City]]. He failed and was bought out by a Los Angeles syndicate that called itself the "Long Beach Land and Water Company". They changed the name of the community to Long Beach at that time.
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