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City National acquires failed San Diego bank

May 8, 2010 3:00:00 AM - latimes.com
L.A.-based City National Bank acquires 1st Pacific Bank of California, the second failed financial institution it has taken over in about five months.

Los Angeles-based City National Bank, the largest bank headquartered in Southern California, got a little bigger late Friday by acquiring a failed San Diego financial institution immediately after it was seized by federal regulators.

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