Wilshire Bancorp acquires Bank of Manhattan’s mortgage business

Headquartered in Los Angeles, Wilshire Bancorp is the parent company of Wilshire Bank, which operates 33 branch offices in California, Texas, New Jersey and New York, and 4 loan production offices.

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As IBM completes the acquisition of Wilshire’s operating assets will become part of IBM’s Lender Business Process Services, Inc. business unit, a wholly-owned subsidiary of the IBM Corporation. Wilshire will work with its clients, IBM’s and Bank of America’s to transition its mortgage servicing rights and related assets to Bank of America.

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Bank of Hope (HOPE) formed from Merger of BBCN Bancorp and Wilshire Bancorp. Bank of Hope will continue the activities of its predecessors by specializing in offering commercial banking services to small and medium-sized businesses (SMEs) with an emphasis on commercial real estate, SBA lending and international trade financing.

Manhattan Bancorp (OTCBB: MNHN) and Bank of Manhattan, N.A. today announced the signing of an asset purchase agreement with Wilshire Bancorp, Inc. (NA Bank of Manhattan Announces Sale of Mortgage.

Here’s how a dodgy network of commercial mortgage brokers may cost Morgan Management their multifamily empire While in Europe for nearly a decade, he covered bank loans and the high yield market, in addition to commercial paper, student loan, auto and credit card space(s). At HousingWire, he began focusing.

LOS ANGELES (February 9, 2015) – Wilshire Bancorp, Inc. (NASDAQ: WIBC), the parent company of Wilshire Bank, announced today the signing of an asset purchase agreement in which Wilshire will acquire certain assets and assume certain operations of Bank of Manhattan’s Mortgage Lending Division.

Wilshire Bancorp Shares of Wilshire Bancorp ( WIBC. To see these stocks in action, visit the 10 Bank Stocks With Up to 55% Upside portfolio on Stockpickr. — Written by Philip van Doorn in Jupiter,

BNB Branch Network Expands to 40 Branches from Montauk to Manhattan. Bridge Bancorp, Inc. (NASDAQ:BDGE), the holding company for Bridgehampton National Bank (BNB), today announced it completed its acquisition of Community National Bank (CNB) as of the close of business on Friday, June 19, 2015, and converted core systems to BNB over the weekend. Click here to read the whole story.

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Wilshire Bancorp. of the bank. In addition C&I lending has helped contract [ph] long-term low cost of deposits which has helped to increase our demanded deposit of counter balances. Moving to our.

Manhattan Bancorp on Friday said that it completed its stock acquisition of Professional Business Bank. The deal, first announced in November, merges two banks with combined assets of more than.