Columbia Banking System Acquires Pacific Premier Bancorp

Banc of California Acquires Pacific Mercantile Bancorp

March 22, 2021

Financial Services

Banc of California, Inc. (NYSE: BANC) agreed to acquire Pacific Mercantile Bancorp (NASDAQ: PMBC) in an all-stock transaction announced March 22, 2021 and completed on October 18, 2021. The deal was valued at approximately $235 million at announcement (consideration reported at about $226 million at close) and expands Banc of California's Southern California business-banking franchise by adding roughly $1.5 billion in assets, ~$1.3 billion in deposits and ~$980 million in gross loans.

WesBanco Acquires Premier Financial Corp.

May 21, 2025

Financial Services

WesBanco, Inc. completed its acquisition of Premier Financial Corp. (and merged Premier Bank into WesBanco Bank) on February 28, 2025, and completed customer and branch conversions in mid-May 2025. The transaction brought roughly 400,000 consumer and 50,000 business relationships, approximately 70 former Premier financial centers and about 900 employees onto WesBanco’s platform, creating a regional bank with roughly $27 billion in assets and expanded presence across nine states.

BayCom Corp Acquires Pacific Enterprise Bancorp

February 1, 2022

Financial Services

BayCom Corp (NASDAQ: BCML) completed its acquisition of Pacific Enterprise Bancorp, merging Pacific Enterprise Bank into United Business Bank effective February 1, 2022. Under the terms, Pacific Enterprise Bancorp shareholders received 1.0292 shares of BayCom common stock per PEB share; the deal expands BayCom's presence in Orange County and strengthens its SBA and government-guaranteed lending capabilities.

Brookline Bancorp Acquires PCSB Financial Corporation

January 1, 2023

Financial Services

Brookline Bancorp, Inc. completed its acquisition of PCSB Financial Corporation effective January 1, 2023, following receipt of required regulatory approvals. The deal adds PCSB Bank's 15 branches in the Lower Hudson Valley to Brookline's footprint and expands Brookline's retail and commercial banking presence in New York.

Banc of California and PacWest Bancorp to Combine in All-Stock Merger with $400M Investment from Warburg Pincus and Centerbridge

July 25, 2023

Financial Services

Banc of California and PacWest Bancorp have signed a definitive agreement to combine in an all‑stock merger under which PacWest will merge into Banc of California. Concurrent with closing, affiliates of Warburg Pincus and Centerbridge will invest $400 million of newly issued equity to support balance‑sheet repositioning and scale the combined California-focused business bank.

SoFi Technologies Acquires Golden Pacific Bancorp, Inc.

February 2, 2022

Financial Services

SoFi Technologies, Inc. completed its acquisition of Golden Pacific Bancorp, Inc. and its subsidiary Golden Pacific Bank, N.A., a Sacramento-based community bank with approximately $150 million in assets and three branches. The bank has been renamed SoFi Bank, N.A.; SoFi will contribute $750 million in capital, pursue a national digital bank strategy, and roll out SoFi checking and savings products with competitive APYs while maintaining Golden Pacific's community banking footprint and leadership.