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PASADENA, CA-OneWest Bank, the successor to failed IndyMac Bank, has acquired a $1.4 billion portfolio of approximately 600 multifamily and commercial real estate loans from Citibank in what OneBank describes as a sign of its “ongoing commitment to commercial real estate lending.”

The acquisition adds “quality earning assets to our balance sheet,” OneWest Bank president and CEO Joseph Otting said in a prepared statement regarding the transaction.

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