Corporate Bank Acquisition Approved
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SANTA ANA — CU Bancorp, the holding company of Encino-based California United Bank, said it has received the regulatory and shareholder approvals to acquire Santa Ana-based Corporate Bank.
The transaction, which involves stock and cash, should be completed within a week, CU Bancorp said. Corporate Bank, which has offices in Santa Ana and Anaheim, lost $49,000, or 10 cents a share, in the third quarter and had assets of $69 million.
