BBCN Bancorp (BBCN), Wilshire Bancorp (WIBC) Shareholders Approve Proposed Merger

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BBCN and Wilshire Announce Shareholder Approvals of Merger

July 14, 2016 4:01 PM EDT

LOS ANGELES, July 14, 2016 (GLOBE NEWSWIRE) -- BBCN Bancorp, Inc. (NASDAQ: BBCN) (BBCN) and Wilshire Bancorp, Inc. (NASDAQ: WIBC) (Wilshire) today jointly announced that each companys shareholders voted in favor of the proposed merger of equals between the two companies.  Approximately 85% and 75% of the total outstanding shares of BBCNs and Wilshires common stock, respectively, voted in favor of the merger.

BBCN and Wilshire also announced that the merger transaction is scheduled for completion at the close of business on July 29, 2016, subject to the satisfaction of other customary closing conditions. ... More