One West Bank Re-Signs Lease in La Jolla

One West Bank, who purchased La Jolla Bank in 2010, resigned a lease for 3,718-square-feet of office space at 888 Prospect St. in La Jolla. The eight year lease is valued at $1.6 million.

Michael Dyer and Pascal Aubry-Dumand of Cushman & Wakefield represented the lessor. Robert Cohen of Robert K. Futterman & Associates represented One West Bank.

OneWest Bank entered into a purchase and assumption agreement with the Federal Deposit Insurance Corporation for the acquisition of all of the deposits and certain assets of La Jolla Bank in February 2010.

As of the June 2012, One West Bank reported it had 77 retail branches in Southern California with approximately $15 billion in deposits and total assets of $26 billion.