Fremont General has filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in a follow-up to regulatory approvals for CapitalSource to buy certain assets and liabilities of Fremont Investment & Loan (FIL), according to a company release. 

The California Department of Financial Institutions and the Federal Deposit Insurance Corp. granted approval  for CapitalSource, through a newly formed wholly-owned California industrial bank, CapitalSource Bank, to acquire a substantial portion of FIL’s assets, including all of FIL’s branches and deposits.

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