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-Pacwest to take over American Perspective Bank.



Global Banking News-May 2, 2012--Pacwest to take over American Perspective Bank(C)2012 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 02 May 2012

Los Angeles-based PacWest Bancorp is to purchase American Perspective Bank.

San Luis Obispo-based American Perspective has terminated a purchase agreement with Umpqua Bank (NASDAQ NASDAQ
 in full National Association of Securities Dealers Automated Quotations

U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on
: UMPQ) and will pursue a sale agreement with PacWest Bancorp. It will pay a termination fee of USD USD

In currencies, this is the abbreviation for the U.S. Dollar.

Notes:
The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion.
1.6 million to Umpqua Bank to go ahead with the new deal, which it described as an offer with a significant premium.

Mark Crawford, president and chief executive officer of American Perspective Bank, said, 'Pacific Western Bank is a strong, stable California bank with a meaningful presence in the Central Coast, including San Luis Obispo San Luis Obispo (săn l`ĭs ōbĭs`pō), city (1990 pop. 41,958), seat of San Luis Obispo co., S Calif., near San Luis Obispo Bay; inc. 1856.  County. Our customers and employees will benefit greatly from the merger of our two organisations.''

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

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Publication:Global Banking News (GBN)
Date:May 2, 2012
Words:158
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