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Prosperity Bank 5,100 20 Security Pacific Bank Los Angeles: California November 7, 2008: Pacific Western Bank: 561.1 21 The Community Bank Loganville: Georgia November 21, 2008: Bank of Essex 681.0 22 Downey Savings and Loan Newport Beach: California November 21, 2008: U.S. Bank, N.A. 12,800 23 PFF Bank and Trust Pomona: California November 21 ...
Alliance Bank Culver City: California: 2009 $1.1 billion $1.6 billion City Bank Lynnwood: Washington: 2010 $1.1 billion $1.5 billion Columbia River Bank The Dalles: Oregon: 2010 $1.1 billion $1.5 billion Community Bank and Trust Cornelia: Georgia: 2010 $1.1 billion $1.5 billion Integrity Bank Alpharetta: Georgia: 2008 $1.1 billion $1.6 billion ...
Pacific Western Bank CEO Paul Taylor said he was encouraged by recent comments from Yellen that she was prepared to take additional actions to help bank depositors, if needed. She and other ...
PacWest and Western Alliance were also among the financial institutions, along with First Republic, that came under intense scrutiny following the March 10 and March 12 failures of Silicon Valley ...
In April 2002, it acquired Upland Bank, with $108 million in assets. [6] In 2005, it acquired Glendora, California–based Foothill Independent Bancorp for $238 million. [7] In 2006, First Community Bancorp combined the two banks it then owned, Pacific Western National Bank and First National Bank, renaming them the Pacific Western Bank. [8]
PacWest announced a $3.5 billion sale of loans to alternative investment manager Ares Management, providing another lift to a regional bank hammered during the industry chaos earlier this year.
IndyMac Bank was also a large bank that was changed into a bridge bank by the FDIC, after its failure, until the funds can be disposed of. In addition, the investment bank Lehman Brothers filed for Chapter 11 bankruptcy protection in September 2008, citing bank debt of $613 billion and $155 billion in bond debt.
PacWest Bancorp is set to merge with Banc of California and raise $400 million in equity, according to a joint announcement the banks released Tuesday afternoon, ahead of their second-quarter ...