Indonesian-owned Lippo Bank California is in discussions about a sale to Commercial Bank of San Francisco, according to a senior Lippo official.

"We are talking with each other, with an intent to move ahead," James Per Lee, president at Lippo Bank, said of plans to sell Lippo to Commercial Bank.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.