Credit Services & Lending M&A » By The Online Investor Staff, updated Sat., Apr. 17, 7:44 AM
Recent mergers and acquisitions in the Credit Services & Lending M&A category.
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Slide #46. The Banc of California, Inc. — The Palisades Group, LLC
Acquirer:
The Banc of California, Inc. (NYSE:BANC)
Acquiree:
The Palisades Group, LLC
Details:
The Banc of California, Inc. (NASDAQ:BANC) announced today that the Company completed its previously announced acquisition of The Palisades Group, LLC ("Palisades"). Palisades is a registered investment adviser that provides financial advisory and asset management services with respect to residential mortgage loans.
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.
BANC SEC Filing Email Alerts Service
Preferreds: BANCP, BANC.PRC, BANC.PRD, BANC.PRE
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Avg. Broker Rec.
 
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Buy (3.40 out of 4) 51st percentile
(ranked higher than approx. 51% of all stocks covered)
Analysts' Target Price: BANC Stock Forecast Based on Zacks ABR data; powered by Xignite |
