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BRIEFLY

The Omni Bank sale has been canceled.

March 17, 1987

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.

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