East West Bancorp in Pasadena, Calif., has sold a property in San Francisco for $120.6 million.
The $35 billion-asset company
East West will also rent space for its branch.
The company said it expects to record a pretax gain of $71.7 million. Some gains will be deferred because East West is leasing part of the building.
The Cincinnati bank aims to grow in northeast Ohio with the acquisition of Westfield. The deal is expected to boost First Financial to a $20.6 billion institution.
House Financial Services Committee Chair French Hill, R-Ark., declined to say whether he would pass the Senate's GENIUS Act without making his own changes, as President Trump has preferred.
Nissan Motor Acceptance Corp. has applied for an industrial loan company charter, joining General Motors and Ford in hoping for better prospects for approval under the Trump administration.
Barely two years after adopting a bank charter, NewtekOne in Florida plans to expand beyond its roots as an SBA 7(a) lender by growing its alternative loan program.
The Federal Reserve is the latest bank regulator to purge reputational considerations from its supervisory materials.
Although credit bureaus have collected this data for three years, it's only now being factored into assessments of consumer creditworthiness.
