• East West Bancorp acquires United Commercial Bank $10.4B

    When San Francisco-based United Commercial Bank was shut down by regulators following loan losses and misstated financial reports, Manatt helped Pasadena-based East West Bancorp acquire its assets. Included in the $10.4 billion acquisition was a large loan portfolio covered under a loss-sharing...
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  • PacWest acquires CU Bancorp for $705M

    Manatt served as legal counsel to CU Bancorp in its acquisition by PacWest Bancorp. The transaction was valued at approximately $705 million. In conjunction with this merger, California United Bank, a wholly owned subsidiary of CUB, was merged with and into PacWest’s banking subsidiary,...
  • Avidbank Holdings completes $20M private offering

    Manatt represented Avidbank Holdings Inc., parent company of Palo Alto, CA-based Avidbank, in a $20 million private offering of common stock. The successful completion of the offering provides the company with the capital needed for continued growth. More information about Avidbank's private...
  • CVB Financial closes $70M merger with Valley Commerce

    Manatt represented CVB Financial Corp., the holding company for Citizens Business Bank, in its $70 million merger agreement with Valley Commerce Bancorp, the holding company for Valley Business Bank with $416 million in assets. Valley Commerce Bancorp shareholders received both cash and stock in...
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