M&A Deal Summary |
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---|---|
Date | 2021-03-22 |
Target | Pacific Mercantile Bank |
Sector | Financial Services |
Buyer(s) | Bank of California |
Deal Type | Add-on Acquisition |
Deal Value | 235M USD |
Advisor(s) | Keefe, Bruyette, & Woods, Inc. (Financial) Sheppard Mullin (Legal) |
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Category | Company |
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Founded | 1941 |
Sector | Financial Services |
Employees | 2,065 |
Revenue | 278M USD (2023) |
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.
DEAL STATS | # |
---|---|
Overall | 2 of 4 |
Sector (Financial Services) | 1 of 2 |
Type (Add-on Acquisition) | 2 of 3 |
State (California) | 1 of 2 |
Country (United States) | 2 of 4 |
Year (2021) | 1 of 1 |
Size (of disclosed) | 1 of 2 |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2016-10-27 |
Banc of California - Commercial Specialty Finance
Irvine, California, United States Banc of California, Inc. - Commercial Specialty Finance is a provider of financial services for commerical equipment leasing in US. |
Sell | - |
DATE | TARGET | DEAL TYPE | VALUE |
---|---|---|---|
2022-09-15 |
Deepstack Technologies
St. Petersburg, Florida, United States Deepstack Technologies is a differentiated software-led and e-commerce payments platform that provides clients with payment solutions, including merchant processing, payments acceptance and disbursements, tokenization, virtual accounts, fraud protection tools, chargeback management, and reconciliation and reporting services. Deepstack Technologies |
Buy | $24M |