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Article: Sanwa Bank California and Tokai Bank of California Agree To Merge Under a New Name -- United California Bank.
- Article from:
- Business Wire
- Article date:
- April 3, 2001
CopyrightCOPYRIGHT 2001 Business Wire. 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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Business Editors
LOS ANGELES--(BUSINESS WIRE)--April 3, 2001
Merged bank will be the third largest bank
chartered in California
Two prestigious and influential banks of long standing in California have agreed to merge under a new name -- United California Bank.
Sanwa Bank California, with assets of $9.3 billion, and Tokai Bank of California with assets of $1.9 billion -- which together have amassed more than 150 years of banking experience in California -- have agreed to fully combine their operations statewide.
The announcement was made by Ryosuke Tamakoshi, president and chief executive officer for Sanwa, and ...