Attached files
file | filename |
---|---|
EX-99 - BANC OF CALIFORNIA, INC. | ex99-08202012_060812.htm |
(Exact name of small business issuer as specified in its charter)
(State or other jurisdiction of incorporation or organization)
(IRS Employer Identification No.)
(Address of principal executive offices)
(Registrant's Telephone number)
(Former Name or Former Address, if Changed Since Last Report)
On August 20, 2012, First PacTrust Bancorp, Inc. (the "Company"), the multi-bank holding company for PacTrust Bank and Beach Business Bank, announced today the closing of its acquisition of Gateway Business Bank ("Gateway"), the holding company of Cerritos, Calif.-based Gateway Business Bank. Total consideration for the acquisition was $15.5 million, or approximately 60% of Gateway's tangible common equity as of June 30, 2012.
Immediately following the closing, Gateway was merged into PacTrust Bank, a subsidiary of First PacTrust, and each of its branches opened today as branches of PacTrust Bank. As a result of the merger, Mission Hills Mortgage Bankers (a division of Gateway), including its 22 loan production offices in California, Arizona, Oregon and Washington, became a divison of PacTrust Bank.
A copy of the Press Release is attached hereto as Exhibit 99.1.
See Item 2.01.
See Item 2.01.
See Exhibit Index.
First PacTrust Bancorp, Inc. |
By: | /s/ Richard Herrin |
Name: Richard Herrin | |
Title: Executive Vice President, Chief Administrative Officer, and Corporate Secretary |
Exhibit No.
|
Description
|
|
EX-99.1
|
Press Release dated August 20, 2012
|