Word: kahsoggi
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Still, the pickup in Arab investment has been noticeable. "Every day we get offered vast sums, like $200 million at a time, to be invested in things like Treasury bills," says a California banker. Adnan Kahsoggi, a Saudi, has moved beyond U.S. bank deposits to buy U.S. banks. Over the past two years, he has purchased controlling interests in two headquartered in Walnut Creek, Calif.: Security National, which has assets of $115 million, and the Bank of Contra Costa, with assets of $22.8 million...
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