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First Interstate Bancorp of Los Angeles which had originated from banks once owned by BankAmerica , launched such a bid in the fall of , although BankAmerica rebuffed it, mostly by selling operations. The company acquired Security Pacific Corporation and its subsidiary Security Pacific National Bank in California and other banks in Arizona , Idaho , Oregon , and Washington , which Security Pacific had acquired in a series of acquisitions in the late s. It is mandatory to procure user consent prior to running these cookies on your website. At the time, no bank possessed the resources to bail out Continental, so the federal government operated the bank for nearly a decade. Its retail banking branches have decreased to 4, as a result of increased mobile banking use and a decline in customer branch visits.
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