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US: OCC to hold public meeting on OneWest-CIT merger

By  |  February 8, 2015

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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