Press Release: Bank of Manhattan : Bank of Manhattan Announces Sale of Mortgage Business

EL SEGUNDO, Calif.--(BUSINESS WIRE)--Manhattan Bancorp (OTCBB: MNHN) and Bank of Manhattan, N.A. today announced the signing of an asset purchase agreement with Wilshire Bancorp, Inc. (NASDAQ: WIBC) ("Wilshire") in which Wilshire will acquire certain assets and assume certain liabilities of Bank of Manhattan's Mortgage Lending Division. Headquartered in Los Angeles, Wilshire Bancorp is the parent company of Wilshire Bank, a community bank with a focus on commercial real estate lending and gener