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Toronto's Fairfax Financial Enters American Loan Fray for California Regional Bank

Firm Spends US$2 Billion on Loan Portfolio Once Owned by Pacific Western
Here is a Pacific Western Bank in Brea, California. Toronto's Fairfax Financial Holdings is teaming up with Kennedy Wilson to buy the company's loan portfolio for US$2.1 billion. (CoStar)
Here is a Pacific Western Bank in Brea, California. Toronto's Fairfax Financial Holdings is teaming up with Kennedy Wilson to buy the company's loan portfolio for US$2.1 billion. (CoStar)
CoStar News
June 6, 2023 | 8:34 P.M.

Toronto-based Fairfax Financial Holdings, run by a billionaire sometimes called the Canadian Warren Buffett, is spending US$2 billion to acquire a 95% interest in construction loans once owned by Pacific Western Bank.

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News | Toronto's Fairfax Financial Enters American Loan Fray for California Regional Bank