M&A Deal Summary

First Choice Bank Acquires Pacific Commerce Bank

On February 26, 2018, First Choice Bank acquired financial services company Pacific Commerce Bank for 110M USD

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

M&A Deal Summary
Date 2018-02-26
Target Pacific Commerce Bank
Sector Financial Services
Buyer(s) First Choice Bank
Deal Type Add-on Acquisition
Deal Value 110M USD
Advisor(s) Piper Sandler & Co. (Financial)
Stuart Moore Staub (Legal)

Target

Pacific Commerce Bank

Los Angeles, California, United States
Pacific Commerce Bank provides a complete array of deposit, treasury, cash management and loan banking solutions to small businesses, professionals and high net worth individuals from Los Angeles to the Mexico border. Pacific Commerce Bank was formed in 2002 and is based in Los Angeles, California.

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Buyer(S) 1

Buyer

First Choice Bank

Cerritos, California, United States
Category Company
Founded 2005
Sector Financial Services
DESCRIPTION

First Choice Bank is a community-based financial institution that serves primarily commercial and consumer clients in diverse communities and specializes in loans to small- to medium-sized businesses and private banking clients, commercial and industrial loans, and commercial real estate loans. First Choice Bank was founded in 2005 and is based in Cerritos, California.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal