Posted In Fund VI

The Bancorp Announces Termination of Compliance-Related Consent Order

  • Posted 11/24/2020
  • Jennifer Lian
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WILMINGTON, Del.–(BUSINESS WIRE)–The Bancorp, Inc. (NASDAQ: TBBK), announced today that the Federal Deposit Insurance Corporation (FDIC), the prudential regulator of The Bancorp Bank (Bank), has terminated its Consent Order with the Bank principally related to consumer compliance and third-party risk management. The termination of this Consent Order concludes all outstanding regulatory actions brought by the FDIC against the Bank. Follow CONTINUE READING >>

Enterprise Financial Services Corp Announces Completion of Merger With Seacoast Commerce Banc Holdings

  • Posted 11/12/2020
  • Jennifer Lian
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ST. LOUIS–(BUSINESS WIRE)–Enterprise Financial Services Corp (Nasdaq: EFSC) (“Enterprise”), the holding company of Enterprise Bank & Trust (“EB&T”), announced today the completion of its merger with Seacoast Commerce Banc Holdings (“Seacoast”), effective November 12, 2020, and the merger of EB&T with Seacoast’s wholly owned subsidiary, Seacoast Commerce Bank (“Seacoast Bank”). The merger adds approximately $1.3 billion in assets, $1.2 billion CONTINUE READING >>

Bank of Southern California Hires Chief Banking Officer to Grow the Bank’s Presence in Southern California

  • Posted 11/12/2020
  • Jennifer Lian
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SAN DIEGO–(BUSINESS WIRE)–Bank of Southern California, N.A. (OTC Pink: BCAL), a community business bank headquartered in San Diego, is pleased to announce that Richard Hernandez has joined the company as Executive Vice President, Chief Banking Officer. He will be responsible for leading the Bank’s business banking teams with a focus on building strong, lasting customer relationships, growing loan and deposit CONTINUE READING >>

Southern California Bancorp Names David I. Rainer Executive Chairman

  • Posted 11/5/2020
  • Jennifer Lian
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SAN DIEGO–(BUSINESS WIRE)–Southern California Bancorp (the “Company”) (OTC Pink: BCAL), the holding company for Bank of Southern California, N.A. (the “Bank”) is pleased to announce that David I. Rainer has been named Executive Chairman of the Board of Directors of the Company, and of the Bank, as of November 5, 2020. “Dave brings 40 years of banking experience to our CONTINUE READING >>