Bank Watch: Pacific Western Bank Sells $324 Mil. of Impaired Loans (CoStar Group)
Pacific Western Bank in San Diego, CA, sold 61 non-covered adversely classified loans totaling $323.6 million, which includes $107.6 million of nonaccrual loans, to an institutional buyer for $200.6 million in cash – or about 62 cents on the dollar. Among…
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Bank Watch: Pacific Western Bank Sells $324 Mil. of Impaired Loans (CoStar Group)
