FBOP Completes Preliminary Due Diligence For PBOC Acquisition.Business Editors LOS ANGELES--(BUSINESS WIRE)--Dec. 22, 2000 PBOC PBOC People's Bank of China PBOC People's Bank Of California Holdings, Inc. (Nasdaq:PBOC), the holding company for People's Bank Peo´ple's bank 1. A form of coöperative bank, such as those of Germany; - a term loosely used for various forms of coöperative financial institutions. of California, announced today that the period during which FBOP FBOP Flowery Broken Orange Pekoe (tea) FBOP Federal Bureau Of Prisons FBOP First Bank of Oak Park FBOP Fundamental Biology Outreach Program (NASA) Corporation could in its sole discretion terminate the previously announced agreement to acquire PBOC had expired. Under the terms of the agreement between the parties, which was executed on December 8, 2000, FBOP had until December 21, 2000 to terminate the agreement if the results of its due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. investigation were not satisfactory to FBOP. The acquisition, which is expected to close during the second quarter of 2001, is subject to various conditions, including but not limited to, the receipt of regulatory approvals and the approval of PBOC shareholders. PBOC Holdings, Inc. is the parent company of People's Bank of California, a federally chartered savings bank savings bank, financial institution that, until recently, performed only the following functions: receiving savings deposits of individuals, investing them, and providing a modest return to its depositors in the form of interest. headquartered in Los Angeles, which has $3.3 billion in assets and 24 full service branch offices located in Orange, Ventura and Los Angeles Counties in Southern California. |
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