M&A Deal Summary

California Bank of Commerce Acquires Pan Pacific Bank

On December 31, 2015, California Bank of Commerce acquired financial services company Pan Pacific Bank for 25M USD

Acquisition Highlights
  • This is California Bank of Commerce’s 1st transaction in the Financial Services sector.
  • This is California Bank of Commerce’s largest (disclosed) transaction.
  • This is California Bank of Commerce’s 1st transaction in the United States.
  • This is California Bank of Commerce’s 1st transaction in California.

M&A Deal Summary

Date 2015-12-31
Target Pan Pacific Bank
Sector Financial Services
Buyer(s) California Bank of Commerce
Deal Type Merger
Deal Value 25M USD
Advisor(s) Keefe, Bruyette, & Woods, Inc. (Financial)
Manatt, Phelps & Phillips (Legal)

Target

Pan Pacific Bank

Fremont, California, United States
Pan Pacific Bank is a provider of financial services.

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Buyer(S) 1

Buyer

California Bank of Commerce

Lafayette, California, United States

Category Company
Founded 2007
Sector Financial Services
Revenue 18M USD (2014)
DESCRIPTION

California Bank of Commerce is a provider of broad range of commercial banking services to closely held businesses and professionals throughout the San Francisco Bay Area.


DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Merger) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1