Sumitomo Bank of California, the sixth-largest bank in the state, has been for sale for nearly two months but is having a hard time finding a buyer.

The U.S. unit of Sumitomo Bank Ltd. of Osaka, Japan, announced Dec. 5 that it was "considering various strategic alternatives" and had hired Goldman, Sachs & Co. and "a number" of other investment banks. Sumitomo's parent is an investor in Goldman Sachs.

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