M&A Deal Summary

City National Acquires 1st Pacific Bank of California

On May 7, 2010, City National acquired financial services company 1st Pacific Bank of California

Acquisition Highlights
  • This is City National’s 4th transaction in the Financial Services sector.
  • This is City National’s 4th transaction in the United States.
  • This is City National’s 3rd transaction in California.

M&A Deal Summary

Date 2010-05-07
Target 1st Pacific Bank of California
Sector Financial Services
Buyer(s) City National
Deal Type Special Situations/Distressed

Target

1st Pacific Bank of California

San Diego, California, United States
1st Pacific Bank of California is a San Diego based bank that was formed in 2000.

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Buyer(S) 1

Buyer

City National

Los Angeles, California, United States

Category Company
Founded 1953
Sector Financial Services
Employees3,638
Revenue 1.3B USD (2014)
DESCRIPTION
City National branch in New York City.
City National branch in New York City.

City National Bank provides banking, investment and trust services through 75 branches and offices, including 16 full-service regional centers, in Southern California, the San Francisco Bay Area, Nevada, New York City, Nashville and Atlanta. City National was formed in 1953 and is based in Los Angeles, California.


DEAL STATS #
Overall 4 of 7
Sector (Financial Services) 4 of 7
Type (Special Situations/Distressed) 2 of 3
State (California) 3 of 3
Country (United States) 4 of 7
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-18 Imperial Capital Bank

La Jolla, California, United States

Imperial Capital Bank is a La Jolla, California based bank that was formed in 1973.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-08 Nevada Commerce Bank

Las Vegas, Nevada, United States

Nevada Commerce Bank is a Las Vegas based bank that was formed in 2000.

Buy -