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Ticker:BHBC
Company Name: Beverly Hills Bancorp Inc.

Business Overview from 10-K filing for Beverly Hills Bancorp Inc.:

Beverly Hills Bancorp Inc. (“BHBC” or the “Company”) is a financial holding company that conducts banking and lending operations in southern California and surrounding states through its wholly-owned subsidiary, First Bank of Beverly Hills, F.S.B. (“FBBH” or the “Bank”), and mortgage investment operations through its investment subsidiary, WFC Inc. (“WFC”). The Company was incorporated in 1996 and was known as Wilshire Financial Services Group Inc. (“WFSG”) until August 2004. Sale of Wilshire Credit Corporation Through April 2004, the Company was a diversified financial services company that also conducted loan servicing operations through a wholly-owned subsidiary, Wilshire Credit Corporation (“WCC”). On April 30, 2004, the Company completed the sale of WCC to Merrill Lynch Mortgage Capital Inc., a division of Merrill Lynch & Co., New York, NY, for net proceeds of $48.2 million, and realized a gain on the sale of $18.0 million before taxes.     

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