FBOP Corporation and Family Savings Bank Announce Acquisition.

Business Editors

LOS ANGELES--(BUSINESS WIRE)--March 1, 2002

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 and Family 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. , FSB (FrontSide Bus) See system bus.

FSB - front side bus have entered into a definitive merger agreement relating to relating to relate prep → concernant

relating to relate prep → bezüglich +gen, mit Bezug auf +acc the acquisition of Family by FBOP, Michael E. Kelly, Chairman of FBOP and Dr. Clyde W. Oden, Chairman of Family, announced today. The transaction is an all-cash deal.

Under the agreement, Family Savings Bank, a savings bank headquartered in Los Angeles and with branches in Compton, Ladera Heights and Pasadena will remain a separate subsidiary of FBOP after the closing. Family's management will continue in place after the sale. The transaction is subject to stockholder and regulatory approvals.

FBOP, headquartered in Oak Park, Illinois Oak Park, Illinois is a suburb just west of Chicago in Cook County, Illinois, United States. Oak Park has easy access to downtown Chicago (the Chicago Loop) thanks to public transportation such as the Chicago 'L', CTA buses, and Metra commuter rail. , is a multi-bank holding company with over $10 billion in assets nationwide. All of FBOP's subsidiary banks are community-oriented, full service financial institutions which provide a full range of retail and commercial banking products and services to individuals and businesses. FBOP is the parent of California National Bank, San Diego National Bank, and the recently acquired Fidelity Federal Bank, as well as other banking subsidiaries located in Illinois and Texas.

COPYRIGHT 2002 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.

Reader Opinion

Article Details
Printer friendly Cite/link Email Feedback
Publication:	Business Wire
Date:	Mar 1, 2002
Words:	179
Previous Article:	Foam Matrix Awarded Supplier Innovation Award for Boeing UCAV.
Next Article:	UtiliCorp Issues $250 Million of Unsecured, 30-Year Notes.
Topics:	Banking industry Commercial banks Mutual savings banks

Related Articles
APPLICATIONS APPROVED UNDER BANK HOLDING COMPANY ACT: By Federal Reserve Banks.
L.A.-BASED BANKS MERGE CALIFORNIA NATIONAL, PEOPLE'S TO PAIR UP.
Applications approved under Bank Holding Company Act: by Federal Reserve Banks. (Legal Developments).
BANK PLUS INC. CHANGING OWNER.
Applications approved under Bank Holding Company Act. (Legal Developments).
Stand and deliver: Kevin Cohee turned OneUnited into the nation's largest black banking institution one acquisition at a time. And he's not finished...