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Financial Institution Partner Ii

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BUSINESS
October 28, 1997
Financial Institution Partner II, L.P., will invest about $4 million in Charter Pacific Bank, based in Agoura Hills, and will end up owning 26% of the bank's stock, becoming its largest shareholder. Charter Pacific's chairman, Michael Ward, said that this capital infusion will allow the bank to boost its growth in its local markets and to expand its BankCard Division. FIP will buy 1.67 million shares of Charter Pacific's common stock at $2.
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BUSINESS
October 28, 1997
Financial Institution Partner II, L.P., will invest about $4 million in Charter Pacific Bank, based in Agoura Hills, and will end up owning 26% of the bank's stock, becoming its largest shareholder. Charter Pacific's chairman, Michael Ward, said that this capital infusion will allow the bank to boost its growth in its local markets and to expand its BankCard Division. FIP will buy 1.67 million shares of Charter Pacific's common stock at $2.
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