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Cathay Bank to Acquire San Jose Firm:...

Cathay Bank to Acquire San Jose Firm: Cathay Bank has reached a preliminary agreement to acquire the San Jose-based California Security Bank for about $4.4 million. Los Angeles-based Cathay is seeking a definitive agreement for a deal with California Security, a closely held company that owns and operates one bank office. Cathay has five offices in Southern California.


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