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June 17, 1992 | James S. Granelli / Times staff writer
Acquisition: California Central Trust Bank in Irvine has acquired a $70-million portfolio of investments from United Mercantile Bank and Trust in Pasadena. The acquisition of the 400 trust accounts increases California Central's trust department assets 9% to about $845 million, said Cynthia Ellner, the bank's president. The bank is not a full-service commercial bank, because it doesn't make loans.
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BUSINESS
June 17, 1992 | James S. Granelli / Times staff writer
Acquisition: California Central Trust Bank in Irvine has acquired a $70-million portfolio of investments from United Mercantile Bank and Trust in Pasadena. The acquisition of the 400 trust accounts increases California Central's trust department assets 9% to about $845 million, said Cynthia Ellner, the bank's president. The bank is not a full-service commercial bank, because it doesn't make loans.
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