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Who Wants (Bailout) Pie? Los Angeles Does

12 Los Angeles-based banks (out of the 78 recipients statewide) got healthy servings of a bailout pie worth a total of $524,100,000. The total bailout monies committed to California comes to $34.9 billion (6%) of the total bailout that has been committed thus far. Here we have pulled from that list the twelve banks headquartered in the City of Los Angeles that were recipients – omitting cities such as Beverly Hills, Manhattan Beach, El Segundo and others that are may fall within Los Angeles County – populated a pie chart to help you visualize and compare.

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List of Recipients by amount (from least to greatest)

  1. Pacific Commerce Bank – $4,100,000

  2. 1st Enterprise Bank – $4,400,000

  3. The Private Bank of California – $5,500,000

  4. Commonwealth Business Bank – $7,700,000

  5. Broadway Financial Corporation – $9,000,000

  6. NCAL Bancorp – $10,000,000

  7. Pacific City Financial Corp – $16,200,000

  8. First California Financial Group – $25,000,000

  9. Center Financial Corp – $55,000,000

  10. Wilshire Bancorp – $62,200,000

  11. Nara Bancorp – $67,000,000

  12. Cathay General Bancorp – $258,000,000

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