Commercial Capital Bancorp Inc. said Monday that fourth-quarter earnings more than tripled, to $20.2 million, because of strong loan growth and its purchase of a much larger company.
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The Irvine, Calif., company is one the state's top three originators of apartment loans. Total loans in its core business more than doubled, to $2.4 billion, and commercial real estate loans nearly quadrupled, to $420 million.
Commercial Capital bought the $2.7 billion-asset Hawthorne Financial Corp., the El Segundo parent of Hawthorne Savings Bank, in June.
