Washington Shared came in because a beneficial light knight…

Even though the deal to find Ahmanson will come before Arizona Common has actually finished absorbing High West, experts predicted you to Arizona Common would not sustain the machine snafus or any other well-advertised problems that Wells Fargo had after its 1996 acquisition of Basic Interstate Bank.

He’s pro consolidators, said Donald Destino, expert in the bonds business Jefferies & Co. from inside the La. Essentially, they have already be removed instead of a beneficial hitch.

The deal combines two firms that lower than annually back was bitter enemies battling purchasing Higher Western, then state’s third-largest thrift.

Rinehart, that would action aside to take on their possibilities pursuing the merger contract try closed, told you the guy made the decision once the he had felt like Ahmanson is too small to survive by itself–despite having $53 billion when you look at the possessions. Read more “Washington Shared came in because a beneficial light knight and you can rescued Higher West away from Ahmanson’s intense render having an $8-million quote” →