• 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...
  • Allied Cash Advance recapitalized by Fourth Third

    Manatt represented Allied Cash Advance in its recapitalization by Fourth Third, LLC, a subsidiary of Medley Partners. Allied needed to refinance a substantial amount of subordinated debt, but it was unable to do so due to the collapse of the capital markets. Manatt and Allied’s founders were able...
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