Bob Schwartz, Greg Krauss Represent New Jersey Based Korean-American Bank in $32.5 Million Acquisition by Wilshire Bancorp
Monday, June 10, 2013
Bob Schwartz (Partner, New Brunswick) and Greg Krauss (Associate, New Brunswick) represented BankAsiana, the largest Korean-American bank headquartered in the New York/New Jersey market with total assets of $207.3 million, in connection with its acquisition by Wilshire Bancorp for approximately $32.5 million.
The transaction is structured as a series of mergers in which BankAsiana will ultimately merge into Wilshire State Bank, with Wilshire State Bank as the surviving entity.
Read the press release.
Learn more about Windels Marx's work in Banking and Mergers & Acquisitions.
Robert A. Schwartz
Gregory T. Krauss