West Coast Bancorp’s successor emerged.
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The former parent of Encino-based West Coast Bank, which failed two years ago, emerged from bankruptcy proceedings as Genesis Learning Systems. The company, which reorganized under Chapter 11 of the U.S. Bankruptcy Code, plans to market computer equipment, software and furnishings for classrooms. Genesis, based in Calabasas, acquired exclusive U.S. rights to the products from Mitek Industrial, a Vancouver, Canada, firm that got a controlling interest in Genesis in exchange.
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