FCAL execs grab hold of golden parachutes

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By Stephen Nellis / Friday, March 15th, 2013 / Comments Off on FCAL execs grab hold of golden parachutes

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As the contentious $233 million merger between Westlake Village-based First California Bank and Los Angeles-based Pacific Western Bank nears a shareholder vote on March 20, First California’s top brass have carved out $9.7 million in golden parachutes after playing a hard, yearlong defense against their competitor’s initial unsolicited offer. Approved in November, the current deal…

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