Wednesday, August 26, 2009

Who Wants (Bailout) Pie?: Los Angeles does

Who Wants (Bailout) Pie?: Los Angeles Does
By Hassan Nicholas


12 Los Angeles-based banks (out of the 78 recipients statewide) got healthy servings of a bailout pie worth a total of $524,100,000. The total bailout monies committed to California comes to $34.9 billion (6%) of the total bailout that has been committed thus far. Here we have pulled from that list the twelve banks headquartered in the City of Los Angeles that were recipients - omitting cities such as Beverly Hills, Manhattan Beach, El Segundo and others that are may fall within Los Angeles County - populated a pie chart to help you visualize and compare.Click image to enlarge

List of Recipients by amount (from least to greatest)

  1. Pacific Commerce Bank - $4,100,000
  2. 1st Enterprise Bank - $4,400,000
  3. The Private Bank of California - $5,500,000
  4. Commonwealth Business Bank - $7,700,000
  5. Broadway Financial Corporation - $9,000,000
  6. NCAL Bancorp - $10,000,000
  7. Pacific City Financial Corp - $16,200,000
  8. First California Financial Group - $25,000,000
  9. Center Financial Corp - $55,000,000
  10. Wilshire Bancorp - $62,200,000
  11. Nara Bancorp - $67,000,000
  12. Cathay General Bancorp - $258,000,000
source: http://bailout.propublica.org/main/list/state/CA

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