Wholesaler Western Bancorp acquired by Eli Global

Western Bancorp, a Silicon Valley-based wholesale mortgage originator, said this week that it plans to grow its business after being acquired by Eli Global, a private equity firm based in North.

Company Overview. As of November 15, 1999, Western Bancorp was acquired by U.S. Bancorp. Western Bancorp operates as the holding company for Santa Monica Bank and Southern California Bank.

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Berkshire Hills Bancorp – acquired 20 Bank of America branches in state of New York BF Saul Wholesale Group – layoffs and closures, could be dissolved BlackandWhite.co.uk – halts lending, layoffs Blackstone – acquired significant stake in PMI Group Blackstone – purchased Gateway Funding Diversified Mortgage Services (per IMF)

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Mortgage bank in heart of Silicon Valley will go national and expand offerings by partnering with private equity firm Eli Global. Eli Global, Western Bancorp will expand its wholesale.

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U.S. Bancorp agreed to acquire Western Bancorp for $904 million in stock, as it continues to gradually expand its foothold in California.

Great Western Bancorp, Inc. Closes Merger with HF Financial Corp.. The acquisition of Home federal increases great western’s assets to approximately $11.3 billion, and will add 23 locations.

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