Union Bank, formerly California First Bank, said...
Union Bank, formerly California First Bank, said it has agreed with Standard Chartered of Britain on a decrease of $13 million in the purchase price of Union Bank, Los Angeles, to $737 million from the original $750 million. Last March 31, California First Bank agreed to buy Union Bank of Los Angeles from Standard Chartered for $750 million, subject to a possible downward adjustment. The sale was completed Nov. 1, 1988, and California First changed its name to Union Bank.
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