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BRIEFLY

A Torrance bank will receive $9.1 million in capital.

January 10, 1985

Commonwealth Bank said a group of investors, including all of its directors, has agreed to provide the capital infusion in return for newly issued shares of the bank's common stock, subject to regulatory approval. After the deal is completed, the bank said, the group will own 80% of the bank's shares. Commonwealth, which is based in Torrance and has branches in San Diego, Cathedral City, Carson and Santa Ana, had $123.5 million in assets and $117.7 million in deposits last Dec. 31.

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