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Slide #100. First PacTrust Bancorp — The Private Bank of California
First PacTrust Bancorp (NYSE:BANC)
The Private Bank of California (PBCA)
First PacTrust Bancorp, the holding company for PacTrust Bank and Beach Business Bank, and The Private Bank of California jointly announced that they have entered into a definitive agreement pursuant to which The Private Bank of California will merge into Beach Business Bank, a wholly owned subsidiary of First PacTrust. Following the closing of the Transaction, Beach Business Bank will be renamed "The Private Bank of California."
Banc of California is a bank holding company. Through its subsidiary, Co. is engaged in providing products and solutions for businesses, business owners, and individuals through its branches extending from San Diego to Santa Barbara. Co.'s products include: Commercial and Industrial Loans, Commercial Real Estate and Multifamily Loans, Small Business Administration Loans, Construction Loans, Single Family Residential Mortgage Loans, and Other Consumer Loans. Co. also provides a variety of deposit products consisting of interest-bearing and noninterest-bearing demand accounts, savings accounts, money market deposit accounts, and certificates of deposit.
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