Law & Health Weekly
Welcome to NewsRx!
Learn more about a six-week, no-risk free trial of Law & Health Weekly
We're a pay-per-view site for premium content. If you'd like to purchase this article, it's only $3.00.
CapitalSource Inc.
CapitalSource Receives Final Court Approval for Acquisition of Deposits and Bank Branches
August 2nd, 2008
The U.S. Bankruptcy Court for the Central District of California today entered an order authorizing the sale by Fremont Investment & Loan (FIL) of its retail banking branches, deposits and certain assets to CapitalSource Bank (in organization), a new California-chartered bank formed by CapitalSource Inc. (NYSE:CSE). CapitalSource Bank previously received regulatory and other approvals for its organization, for the FIL transaction, and for the purchase of CapitalSource loans. CapitalSource expects the Bank to commence operations and to close the FIL transaction and the loan purchase from CapitalSource by Friday, July 25, 2008. "Today represents the...
Source: Law & Health Weekly (2008-08-02)
|
