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Financial M&A image Financial M&A » By The Online Investor Staff, updated Sat., Jul. 2, 1:29 PM Recent mergers and acquisitions in the Financial M&A category.

Slide #44. Banc of California Popular Community Bank's California Branch Network

Acquirer: Banc of California (NYSE:BANC)
Acquiree: Popular Community Bank's California Branch Network
Details: Banc of California Inc. (NASDAQ:BANC) today announced that its wholly owned subsidiary, Banc of California N.A. ("Banc of California"), has entered into an agreement to acquire select assets and assume certain liabilities comprising the California branch network of Popular Community Bank. The transaction accelerates the Company's growth strategy and deepens its presence in the important Los Angeles and Orange County markets. The acquisition will bring 20 retail branches, $1.1 billion in deposits, $1.1 billion in performing loans, certain other assets, real estate and liabilities to Banc of California.

Banc of California is a bank holding company. Through its subsidiary, Banc of California, National Association, Co. is engaged in providing products and solutions for businesses, business owners, and individuals within California. Co. provides a number of loan products including commercial and industrial loans; commercial real estate loans and multifamily loans; small business administration loans; and construction loans. Co. provides a variety of deposit products to its clients with a range of interest rates and terms. Deposits consist of interest-bearing and noninterest-bearing demand accounts, savings accounts, money market deposit accounts, and certificates of deposit.

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Company Name: 
Banc Of California Inc
Stock buyback: 
BANC buyback
Banking & Savings
Number of ETFs Holding BANC: 
Total Market Value Held by ETFs: 
Total Market Capitalization: 
% of Market Cap. Held by ETFs: 

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Buy (3.20 out of 4)
29th percentile
(ranked lower than approx. 71% of all stocks covered)

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