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Article: CapitalSource Receives Approval from California Department of Financial Institutions for Fremont Asset Purchase and Establishment of CapitalSource Bank.
- Article from:
- PR Newswire
- Article date:
- June 13, 2008
CopyrightCOPYRIGHT 2008 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CHEVY CHASE, Md., June 13 /PRNewswire-FirstCall/ -- CapitalSource Inc. today announced that its applications to organize a de novo bank in California and to acquire certain assets and deposits from Fremont Investment & Loan (FIL) have been approved by the California Department of Financial Institutions (DFI). The only remaining step in the regulatory approval process is approval by the Federal Deposit Insurance Corporation (FDIC).
"We are very pleased to have received approval from the California DFI for our new depository, which will be called CapitalSource Bank. We continue to expect the transaction with FIL will close early in the third quarter," said John ...