Bank regulators will hold a public hearing later this month in Los Angeles on the planned $3.4-billion takeover of OneWest Bank in Pasadena.
The decision, announced Friday, came one month after the bank’s top officer, Joseph Otting, had set up a website that generated form letters urging the regulators to approve the merger without a hearing.
The hearing on the deal will be held Feb. 26 at the Federal Reserve building on Grand Avenue in downtown Los Angeles beginning at 8 a.m.
Full Content: The New York Times
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