OneWest Bank Announces Purchase of $1.4 Billion Multifamily and Commercial Real Estate Loan Portfolio from Citibank

PASADENA, Calif. - (BUSINESS WIRE) - OneWest Bank, FSB today announced the purchase of a $1.4 billion multifamily and commercial real estate loan portfolio from Citibank, N.A. The portfolio, which includes approximately 600 loans, is a strategic addition to OneWest Bank's growing Commercial Real Estate lending business.

"We are pleased to be able to work with Citibank to complete this transaction. This portfolio purchase represents our ongoing commitment to Commercial Real Estate lending. We are excited to add quality earning assets to our balance sheet and look forward to providing all of the banking services that OneWest has to offer to our new customers," said OneWest Bank's President and CEO Joseph Otting.

The transaction closes immediately, and will be reflected on OneWest Bank's fourth quarter financial statements. Terms of the transaction were not disclosed.

To read the complete release at NewsBlaze,
OneWest Bank Announces Purchase of $1.4 Billion Multifamily and Commercial Real Estate Loan Portfolio from Citibank,
Click here

Related Business Wire News

Kohl's Department Stores Donates $250,000 to the American Red Cross to Support Tornado Relief Efforts in Oklahoma

Kohl's Department Stores today announced a $250,000 cash donation toward tornado relief efforts in Moore, Okla.

Oklahoma Tornado Victims to be Served Dinner Tonight by Fazoli's and Feed The Children

Fazoli's Italian restaurant and Oklahoma-based Feed The Children are teaming up to provide dinner tonight to approximately 500 people affected by this week's tornado.

Essential Depot Unveils Revolutionary Soap Cutter, Natural Shea Melt and Pour Soap Base

Essential Depot, a leading and fast-growing U.S. supplier of natural soap making and cosmetic making supplies, announced today the unveiling of two new Revolutionary Essential Depot products for professional and beginning soapers, according to ...

Campbell Soup Company Recognized by National Business Group on Health for Promoting Healthy Workplaces and Lifestyles

Company Honored for Eighth Consecutive Year with Best Employers for Healthy Lifestyles Award

Accenture Completes Acquisition of Fjord, Expanding Digital and Marketing Capabilities

Accenture completed its acquisition of Fjord, a London-based global service design consultancy that specializes in creating wide-ranging digital experiences and services for consumers.

Donaldson Company Increases Dividend 30 Percent

Donaldson Company, Inc. , announced today that its Board of Directors declared a regular cash dividend of $0.13 per share, payable June 21st to Shareholders of record as of June 7th, an increase of 30 percent from the prior payout of $0.10 per ...

...More Business Wire

What's Hot At NewsBlaze.com?
1 .	Give a Great Valedictorian Speech - Joey Asher - 101
2 .	Interesting Facts About Dogs - 86
3 .	What Was a Motive for Murder for Femme Fatale Photographer Jodi Arias? - 68
4 .	Landmark Kathmandu Bookstore Gutted by Fire - 54
5 .	Photos Leaked: Philips W8510 Quad Core Mobile Phone - 43
6 .	The Cold War - The Jimmy Carter Years (1976-80) - 37
7 .	Censorship in America - 30
8 .	Does the Pink Viagra work? - 27
9 .	As Cost Of College Rises, Is It Worth It? - 25
10.	Waterless 'Air Cooler PLUS' Beats Summer's Heat Without Making Your Home Muggy - 27
Updated: 13:30 PDT 2917

NEWS

WIRES

OTHER

OneWest Bank Announces Purchase of $1.4 Billion Multifamily and Commercial Real Estate Loan Portfolio from Citibank

NewsBlaze Editors

NewsBlaze Writers

Writers Wanted

Follow NewsBlaze