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Bank Acquisition: Eldorado Bancorp completed its $5.5-million...

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From Times Staff and Wire Reports

Bank Acquisition: Eldorado Bancorp completed its $5.5-million cash acquisition Friday of San Clemente Bancorp and its San Clemente Bank unit. The banking operations have been merged into Eldorado’s subsidiary, Eldorado Bank in Tustin. As reported previously, all San Clemente Bank employees, including its president, Michael Dunahee, have been retained by Eldorado Bank.

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