Are banks in Los Angeles receiving any bailout money from the government?
Yes they most definitely are. As part of the government’s financial rescue plan 13 banks across Los Angeles County have received over $1.2 billion. Here is the breakdown of what was distributed:City National Corp., Beverly Hills: $400 millionEast West Bancorp Inc., Pasadena: $306 millionCathay General Bancorp Inc., Los Angeles: $258 millionNara Bancorp Inc., Los Angeles: $67 millionWilshire Bancorp., Los Angeles: $62 millionCenter Financial Corp., Los Angeles: $55 millionFirst California Financial Group Inc., Westlake Village: $25 millionPacific City Financial Corp., Los Angeles: $16 millionNCAL Bancorp, Los Angeles: $10 millionBroadway Financial Corp., Los Angeles: $9 millionMission Valley Bancorp, Sun Valley: $6 millionPacific Commerce Bank, Los Angeles: $4 millionManhattan Bancorp, El Segundo: $2 million
