Business
Building a regional banking franchise, the parent company of Pacific Western Bank has agreed to pay $2.3 billion in cash and stock for commercial lender CapitalSource Inc., more than doubling its asset size and bringing its number of branches to 96 in 14 California counties.
July 23, 2013
An early casualty of the subprime meltdown, Brea-based Fremont Investment & Loan, was operating Monday under new ownership and a new name, CapitalSource Bank.
July 29, 2008
CapitalSource Inc. won approval from California regulators to buy assets of Fremont General Corp., once the fifth-largest U.S. sub-prime lender.
June 14, 2008
Fremont General Corp., the bankrupt Brea financial services holding company, won a court order allowing its Fremont Investment & Loan to be acquired by a unit of CapitalSource Inc.
July 18, 2008
PacWest to acquire CapitalSource in $2.3-billion L.A. bank merger
Troubled subprime lender Fremont General Corp., which sold most of its assets to CapitalSource Inc., said its chief executive and president were resigning.
Sept. 4, 2008
Bank cuts its dividend and raises $7 billion. Also, lender Fremont will sell its retail assets.
April 15, 2008
Money & Company
This article was originally on a blog post platform and may be missing photos, graphics or links.
April 14, 2008
The humble checking account, long overshadowed by sexier and higher-risk investment vehicles, may have a key role to play in the revival of the nation’s gasping financial system.
Sept. 23, 2008
Chapter 11 protection would let the failing sub-prime lender sell off assets more quickly.
May 10, 2008