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Stock Market & Financial Investment News

News Breaks
August 24, 2014
04:55 EDTBANC, BANC, BANC, BANC, BANC, OPB, OPB, OPB, OPB, OPB, PPBI, PPBI, PPBI, PPBI, PPBI, BBCN, BBCN, BBCN, BBCN, BBCN, HAFC, HAFC, HAFC, HAFC, HAFC, CATY, CATY, CATY, CATY, CATY, CYN, CYN, CYN, CYN, CYN, PACW, PACW, PACW, PACW, PACW, CVBF, CVBF, CVBF, CVBF, CVBFSterne Agee to hold a tour
West Coast Bank Tour travels throughout the Los Angeles area on August 25-28.
News For BANC;OPB;PPBI;BBCN;HAFC;CATY;CYN;PACW;CVBF From The Last 14 Days
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November 19, 2014
17:08 EDTOPBOpus Bank initiated with a Buy at Sterne Agee
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17:07 EDTHAFCHanmi Financial initiated with a Buy at Sterne Agee
Target $25.
17:07 EDTBBCNBBCN Bancorp initiated with a Neutral at Sterne Agee
Target $15.
17:05 EDTCYNCity National coverage assumed with a Neutral at Sterne Agee
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17:05 EDTCATYCathay General coverage assumed with a Neutral at Sterne Agee
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17:02 EDTCVBFCVB Financial reinstated with a Neutral at Sterne Agee
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17:01 EDTPACWPacWest Bancorp reinstated with a Buy at Sterne Agee
Target $52.
November 12, 2014
14:02 EDTHAFCHanmi Financial files to delay Form 10-Q
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12:45 EDTHAFCHanmi Financial appoints Michael McCall as CFO effective November 12
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07:28 EDTCYN, BANCBofA/Merrill to hold a conference
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06:22 EDTCVBFCVB Financial announces retirement of Chairman Lynn Wiley
CVB Financial and its principal subsidiary, Citizens Business Bank, announced that Linn Wiley has decided to retire as Chairman of the Board and as a member of the board, effective December 31, 2014. Wiley will remain Chairman for the remainder of 2014 and preside at the board’s next two meetings, in November and December. The company also announced that the board has elected Raymond O’Brien as Chairman of the Board. O’Brien will assume this role on January 1, 2015, immediately following the retirement of Wiley.
November 10, 2014
09:03 EDTBANCBanc of California completes acquisition of Popular unit
Banc of California (BANC) announced the Company’s wholly owned banking subsidiary, Banc of California, N.A., completed its acquisition of select assets and assumption of certain liabilities of the California branch network of Popular Community Bank, the U.S. banking subsidiary of Popular, Inc. (BPOP) on November 8, 2014. The acquisition included twenty branch locations and approximately $1.1 billion in loans and $1.1 billion in deposit balances. The Company’s total assets upon completion of the transaction exceed $5.5 billion. In addition, the Company announced that it had completed the previously announced sale of common stock to funds affiliated with Oaktree Capital Management, L.P. and Patriot Financial Partners, L.P. Wachtell, Lipton, Rosen & Katz served as legal advisor to the Company on the acquisition and capital raise transactions.

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