LOS ANGELES–(BUSINESS WIRE)–Aug. 1, 2005–
Wilshire Bancorp, Inc. (“Wilshire”) (NASDAQ:WIBC – News) announced today that it has entered into a definitive stock purchase agreement with the shareholders of Liberty Bank of New York (“Liberty Bank”) to acquire all of the stock of Liberty Bank for approximately $15.7 million, payable 60% cash and 40% common stock of Wilshire.
The sale price is subject to adjustment immediately prior to closing of the transaction, and the stock purchase is subject to certain customary closing conditions contained in the transaction agreements, including regulatory approval. The stock purchase is expected to be completed in the fourth quarter of 2005.
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박상균<취재부 기자> [email protected] |