Meruelo Group Supports Recapitalization Of Pan American Bank

DOWNEY, Calif., Aug. 20, 2014 /PRNewswire via COMTEX/ The Meruelo Group, a privately-held and minority-owned management company founded and led by Latino business executive Alex Meruelo, today announced it helped fund the recapitalization of Pan American Bank (OTCQB: PAMB), the oldest Latino-owned bank in the Western United States. Through the Meruelo Group s business holding in Commercial Bank of California, one of the most-well capitalized community banks in the country, CBC was one of 16 financial institutions involved in the $6.3 million recapitalization of Pan American Bank. The transaction was an unprecedented historic first in the nation where peer banks rallied to recapitalize a community bank serving ethnic and underserved populations. We are very proud of our investment in Pan American Bank, which serves a community that we have been doing business in for more than 30 years, said Alex Meruelo, Chairman and CEO of The Meruelo Group, and founding Shareholder and Director of Co
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