April 21 Citigroup Inc is seeking buyers
for about 50 branches holding $3 billion of deposits in
California as the lender looks to trim its branch network,
Bloomberg reported, citing three people involved in the process.
The branches, located in rural areas from Sacramento to
north of Los Angeles, could sell for more than $100 million,
Bloomberg reported. (link.reuters.com/mur68v)
Citigroup, which failed to find a buyer for 16 Nevada
branches last year, wants to keep its offices in Los Angeles,
San Francisco and San Diego.
The bank could not be immediately reached for comment.
(Reporting By Neha Dimri in Bangalore)