BANKING & FINANCE - June 18, 1991
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From Times Staff and Wire Reports
Citicorp Buys Sunnyvale Bank: The New York banking giant completed its acquisition of the tiny DeAnza Bank that was first announced last year. The move, which will cost Citicorp about $7.2 million, gives the bank a California banking charter, which makes it easier for Citicorp expand in the state. Citicorp already operates a thrift in California called Citibank FSB. Citicorp named Joseph E. O’Brien, an executive with Citibank FSB, as president of DeAnza.
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