CRA’s Bite: PacWest’s “Low Satisfactory” Has Groups Seeking to Delay Acquisition
CRA's bite isn't limited to administrative headaches, as PacWest is finding out. The California bank's plans to acquire CapitalSource is facing opposition from community groups concerned about its commitment to the Community Reinvestment Act in light of its low-satisfactory rating in its lending, investment and service tests. [10/7]