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Article: Bank Remains Committed to San Diego Real Estate.(Brief Article)
- Article from:
- San Diego Business Journal
- Article date:
- September 18, 2000
- Author:
CopyrightCOPYRIGHT 2000 CBJ, L.P. 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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Nearly two years ago, Zions Ban-corporation of Utah concluded a merger of its two California subsidiaries, Sumitomo Bank and Grossmont Bank. That merger created California Bank & Trust, the fifth largest commercial bank in California with over $6.5 billion in total assets. A major organizational component of the new bank was the formation of the Real Estate Finance Division headed by Managing Director David Blackford. This group was formed to service the wholesale segment of the California real estate industry, the sector comprised of developers of larger commercial, industrial, retail, and multi-family properties, and public and private merchant home builders.
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