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SELECT:
 Union Bank and IBJ Portfolios
 
In 1994 Kearny acquired two portfolios, one from Union Bank totaling $240 million and one from IBJ for $72 million. Kearny performed extensive due diligence, won the competitive bid, negotiated and closed the transactions and spent three years managing and disposing of the assets either as loans or REO, resulting in a substantial profit to the owners.
 
 
   


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