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As of July 7, 2010, the remaining stumbling block to the merger was addressed, as the latter found a buyer for its minority stake in a California-based bank. [18] The move was seen to pave the way for the merger. [19] On February 9, 2013, the PNB–Allied Bank merger was completed, with Philippine National Bank as the surviving brand. The ...
Los Angeles National Bank (Chinese: 世界華商銀行) was an overseas Chinese bank in the United States. Headquartered in Buena Park, California , with branch offices in Silver Lake, Los Angeles and Monterey Park , the privately held community bank was first established on December 18, 1973.
In 1986, SPNB acquired California Pacific National Bank, a small bank that primarily served Los Angeles' Chinese business community, for US$11.5 million. Earlier, BoC had revealed plans for a major expansion in the United States, concentrating on the growing Asian community in California. SPNB also entered into talks with American Asian Bank.
Two years later, FBOP acquired five branches of Topa Savings and Topa Thrift, establishing California National Bank. As Cal National started growing, it acquired People’s Bank of California in 2001 and Fidelity Federal Bank in 2002. By 2009, Cal National had grown to 68 branches throughout Southern California. [clarification needed]
Edgar Bancod, research head, ATR-Kim Eng Securities, stated that the merged bank would become the country's fourth biggest after Metropolitan Bank & Trust Co., Banco de Oro-EPCIB, and the Bank of the Philippine Islands. [2] [3] On February 9, 2013, the PNB-Allied Bank merger was completed, adopting the name Philippine National Bank. Florencia ...
The Philippine Consulate General in Los Angeles is headed by Consul General Adelio Angelito S. Cruz, who assumed his position on December 23, 2024 after also having previously served as Consul General from 2016 to 2021. [10] As of 2025, the Consulate's jurisdiction covers southern California, southern Nevada and Arizona. [11]
It was also during his tenure as president that the bank was able to secure several equity and debt capital raisings, including Cathay Life Insurance Co. Ltd of Taiwan (Php8 billion in 2015), [34] CVC Capital Partners (US$115 million in 2012), [35] and the International Finance Corporation led US$320 million bond issue, [36] which in 2015 was ...
RBB has acquired First Asian Bank (Las Vegas) in 2011, [3] Ventura County Business Bank, Oxnard, Los Angeles National Bank, Buena Park, and TomatoBank (Alhambra) for $83.2 million in 2015, [4] spreading its coverage all over California and Las Vegas. [5] In July 2017, RBB entered the Nasdaq and raised $86 million. [6]