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Mergers & Acquisitions

Aug. 6, 2013

Attorneys predict California banking deals will quicken

With the worst of the downturn in the rearview mirror, transactional attorneys believe that California financial institutions are again poised to engage in tactical dealmaking instead of scrambles for survival.


By Dominic Fracassa


Daily Journal Staff Writer


When PacWest Bancorp Inc. acquired fellow Los Angeles bank CapitalSource Inc. last month in a $2.3 billion deal - creating the ninth-largest bank in California - some viewed it as a sign of a whetted appetite for dealmaking among California banks.


And with the worst of the economy's downturn now in the rearview mirror, banking industry analysts and transactional attorneys believe that financia...

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