The Omni Bank sale has been canceled.
- Share via
The Monterey Park-based bank signed a tentative agreement last August to sell 100% of the bank’s stock to an Indonesian investor. But the two sides were unable to agree on a sale price and other terms, and the bank backed out of the deal on March 13. The bank, with assets of about $128 million, has serious problems with bad loans, which may have contributed to the cancellation of the proposed sale.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
