Los Angeles Times (07/29/08); Heisel, William
California's Fremont Investment & Loan, one of the first lenders to succumb to the subprime mortgage crisis, has been resurrected. Once one of the biggest subprime outlets in the country, Fremont was shut down by regulators in 2007 and removed from trading on the New York Stock Exchange. It was rescued by a Maryland real estate investment trust, CapitalSource Inc., which agreed to assume control of viable parts of Fremont's operations--including deposits from its 22 branches. Those offices, located primarily in Southern California, reopened on July 28 under the CapitalSource Bank moniker.
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