Charter Pacific to Acquire Part of Thrift
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Charter Pacific Bank in Agoura Hills has agreed to acquire some loans and assume some deposits held by Carteret Thrift and Loan Co. in Oceanside.
Charter Pacific agreed to acquire about $4.25 million in loans and about $2.5 million in cash and investments and assume $5.5 million in deposits from Carteret, a subsidiary of AmBase Corp. The bank had total assets of $71.7 million as of March 31.
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