Bank of California - M&A Summary and Business Overview

Financial ServicesCompany

Bank of California M&A Summary

Bank of California has acquired 4 companies, including 3 in the last 5 years. It has also divested 2 assets.

Bank of California’s largest acquisition to date was in 2021, when it acquired Pacific Mercantile Bank for $235M. Bank of California has acquired in 3 different US states. The Company’s most targeted sectors include financial services (50%) and business services (25%).

Bank of California Business Overview

Where is Bank of California headquartered?

Bank of California is headquartered in Santa Ana, California.

What is Bank of California’s revenue?

Bank of California disclosed revenue of 278M USD for 2023 and 1,341M USD for 2022.

How many employees does Bank of California have?

Bank of California has 2,065 employees.

What sector is Bank of California in?

Bank of California is a financial services company.

When was Bank of California founded?

Bank of California was founded in 1941.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity4
    • M&A Sell Activity2
  • Total Sectors Invested 3
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 1
  • M&A Advisors 6

Bank of California

Banc of California, Inc.

3 MacArthur Place,
Santa Ana, California 92707
United States,
(855) 361-2262
www.bancofcal.com

Bank of California is a provider of banking services and home loans to businesses and families in California and the Western US. Banc of California provides deposit products, including checking, savings, money market, retirement, and interest and noninterest-bearing demand accounts, as well as certificates of deposit. Banc of California was incorporated in 1941 and is based in Santa Ana, California.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 1 - 1 1 1 - 4
vol $235M $24M $259M
Sell (0.0/yr) # 2 - - - - - 2
  6

Most Recent M&A

Company Date Value Type
PacWest Bancorp. 2023-07-25 - Merger
Beverly Hills, California · www.pacwestbancorp.com
Deepstack Technologies LLC 2022-09-15 24M USD Add-on Acquisition
St. Petersburg, Florida · www.deepstack.io
Pacific Mercantile Bank 2021-03-22 235M USD Add-on Acquisition
Costa Mesa, California · www.pmbank.com
Banc of California, Inc. - Commercial Specialty Finance 2016-10-27 - Divestiture
Irvine, California
The Palisades Group LLC 2016-04-06 - Sold to Management
Darien, Connecticut · www.palisades.us.com
The Palisades Group LLC 2013-09-16 - Add-on Acquisition
Darien, Connecticut · www.palisades.us.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Financial Services 2 (50%) 235M (91%) 1 (50%) -
Business Services 1 (25%) - 1 (50%) -
Information Technology 1 (25%) 24M (9%) - -
Total 4 $259M 2 -

By Geo

State/Country Buy Value Sell Value
United States 4 259M 2 -
  California 2 235M 1 -
  Connecticut 1 - 1 -
  Florida 1 24M - -
Total 4 $259M 2 -

Top M&A Advisors

Financial Deals
J.P. Morgan Securities
1
MJC Partners
1
Piper Sandler & Co.
1
Legal Deals
Skadden, Arps, Slate, Meagher & Flom
1
Paul Hastings
1
Sullivan & Cromwell
1

Deal Values

buy # Total
$100M to $1B 1 $235M
< $100M 1 $24M
TOTAL $259M
Largest Pacific Mercantile Bank
$235M (2021-03-22)

M&A Connections

Deals
Divested to
Strategic(s)
50%
1 (50%)

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