M&A Deal Summary

First Choice Bank Acquires Pacific Commerce Bancorp.

On February 26, 2018, First Choice Bank acquired financial services company Pacific Commerce Bancorp. 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 Bancorp.
Sector	Financial Services
Buyer(s)	First Choice Bank
Deal Type	Add-on Acquisition
Deal Value	110M USD
Advisor(s)	Piper Jaffray Companies (Financial) Stuart Moore Staub (Legal)

Target

Pacific Commerce Bancorp.

Los Angeles, California, United States

Pacific Commerce Bancorp. is a parent company for Pacific Commerce Bank. Pacific Commerce Bank operates six full-service branches in Los Angeles and San Diego Counties, including its operating division, ProAmérica Bank, in Downtown Los Angeles. 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.

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