Southern California Bancorp to Acquire Bank of Santa Clarita

Southern California Bancorp to Acquire Bank of Santa Clarita

  • Posted: 04/27/2021
  • Jennifer Lian

San Diego and Santa Clarita, Calif., April 27, 2021 – Southern California Bancorp (OTC Pink: BCAL), the holding company for Bank of Southern California, N.A. (the “Bank”), and Bank of Santa Clarita (OTC: BSCA) jointly announce the signing of a definitive merger agreement pursuant to which Southern California Bancorp will acquire Bank of Santa Clarita through the merger of Bank of Santa Clarita with and into Bank of Southern California. Based on financial results as of December 31, 2020, the combined company will have pro forma total assets of approximately $2.0 billion, deposits of $1.5 billion and net loans of $1.5 billion.

Follow this link to continue reading this news story