FENB

AcronymDefinition
FENBFar East National Bank
FENBFédération des Enseignants du Nouveau Brunswick (French: Teachers' Federation of New Brunswick; Canada)
FENBFaith Exchange of North Brunswick (North Brunswick, NJ)
References in periodicals archive ?
Finally, subject to the successful integration of FENB, the rating also factors in the possibility of further merger and acquisition (M&A) activity by CATY.
USD 100m of the consideration was deferred and will be released within one year based on the timing of the subsequent merger of FENB and Cathay Bank and 10% of the consideration was held back and will be released over a period of three years.
FENB currently operates nine branches in California and a representative office in Beijing.
Far East National Bank (FENB) has total assets exceeding USD1.3 billion.
FENB is the 45th largest banking organization in California, controlling total deposits of $946.5 million, representing less than 1 percent of total deposits in depository institutions in the state.
Pursuant to the agreement, the total consideration was about USD351.6m plus additional post closing payments based on the realisation of certain assets of FENB. Further, the company issued 926,192 shares of its common stock as consideration and the remainder will be paid in cash.
USD 100m of the purchase price will be held back and released based on the timing of the subsequent merger of FENB and Cathay Bank and 10% of the purchase price will be held back and released over a period of three years.
From the purchase price, USD100m will be held back and released based on the timing of the subsequent merger of FENB and Cathay Bank and 10 percent of the purchase price will be held back and released over a period of three years.
19 November 2014 -- California-based bank holding company CU Bancorp (NASDAQ: CUNB) said that at its annual meeting of shareholders held on November 14 its shareholders approved the agreement and plan of merger dated June 2 2014 as amended and the merger of 1stEnterprise Bank (OTCQB: FENB) with and into CU Bancorp's wholly owned subsidiary California United Bank with California United Bank as the surviving bank.
CU Bancorp (NASDAQ: CUNB) has said that its shareholders have approved the merger of 1st Enterprise Bank (NASDAQ: FENB) with and into CU Bancorp's wholly owned subsidiary, California United Bank, with California United Bank as the surviving bank.
29 September 2014 -- California-based bank holding company CU Bancorp (NASDAQ: CUNB) and 1st Enterprise Bank (OTCQB: FENB) said that they have received all bank regulatory approvals necessary to authorise the merger of 1st Enterprise Bank with California United Bank.