Santa Clarita Chairman News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Southern California Bancorp, the holding company for Bank of Southern California, N.A., and Bank of Santa Clarita 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.
“The acquisition of Bank of Santa Clarita marks an important step in our strategy to grow our commercial banking model by expanding the Bank’s footprint north of Los Angeles to the attractive banking communities of the Santa Clarita area,” said David Rainer, Southern California Bancorp and Bank of Southern California executive chairman. “On behalf of our Board, I extend a warm welcome to Bank of Santa Clarita Chairman and Chief Executive Offi ....

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