Luther Burbank Merger Leads to Major Corporate Restructuring

The latest update is out from Luther Burbank (LBC).

Luther Burbank has completed its merger, resulting in the discontinuation of LBC Common Stock trading on the Nasdaq and the cessation of its listing and registration. As a consequence of the merger, Luther Burbank’s governance documents are no longer in effect, and WaFd’s existing governance documents continue to govern the newly merged entity. Furthermore, former Luther Burbank directors have transitioned to WaFd’s board, marking a significant change in the company’s leadership structure.

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