From the Orange County Register
A judge on Tuesday approved the sale of Fountain Valley's Centennial Bank, more than four years after the bank's parent company filed for bankruptcy.
Western Alliance Bancorporation, a Phoenix-based multi-bank holding company, will pay at least $57.5 million in cash for Centennial and merge it with affiliate Western Alliance Bank.
A reader noted that there's an FDIC C&D order against Centennial Bank. He suspects that when the merger happens, rates will plunge.