BBCN Bancorp (BBCN) in Los Angeles has agreed to buy Foster Bankshares in Chicago.

BBCN said in a press release Tuesday that the acquisition would position the $5.6 billion-asset company as "the leading Korean-American bank in Chicago" while providing it with entry into the Washington, D.C., market. Foster Bankshares has $413 million in assets, eight branches around Chicago and one in Annandale, Va.

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