Wilshire State Bank Assumes All Loans and Deposits of Mirae Bank
July 6, 2009
By MoneyAisle
According to Trading Markets, Wilshire State bought the assets and assumed the deposits of the recently failed Mirae Bank from the FDIC.
The FDIC was appointed as the receiver of Mirae Bank after the failed financial institution was closed by the California Department of Financial Institutions.
Joanne Kim, the President and CEO of Wilshire Bancorp said, “We are working diligently with Mirae Bank employees and the FDIC, and are taking every possible measure to ensure that the transition will be as smooth and seamless as possible so that any disruption to the services to customers of Mirae will be reduced to an absolute minimum.”