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Slide #54. First PacTrust Bancorp, Inc. — The Private Bank of California
First PacTrust Bancorp, Inc. (NYSE:BANC)
The Private Bank of California
First PacTrust Bancorp, Inc. (NASDAQ:BANC) ("First PacTrust"), the multi-bank holding company for Pacific Trust Bank and Beach Business Bank ("Beach"), today announced that First PacTrust has completed the acquisition of The Private Bank of California. The acquisition was accomplished by merging The Private Bank of California into Beach. Upon closing of the transaction, Beach was 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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Buy (3.40 out of 4)