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

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.

Columbia Banking System Acquires Pacific Premier Bancorp

September 2, 2025

Financial Services

Columbia Banking System completed its previously announced acquisition of Pacific Premier Bancorp, bringing Pacific Premier into the Columbia Bank family and rebranding the combined operations under the Columbia name. The deal significantly expands Columbia's presence across Southern California and the broader western U.S., increasing Columbia's assets to approximately $70 billion and creating a combined network of more than 350 locations.

Central Valley Community Bancorp Completes Merger with Community West Bancshares; Combined Company Adopts Community West Name

April 1, 2024

Financial Services

Central Valley Community Bancorp (parent of Central Valley Community Bank) completed an all-stock merger with Community West Bancshares (parent of Community West Bank), effective April 1, 2024. The combined company assumes the Community West Bancshares name and NASDAQ ticker CWBC, creating a regional bank with approximately $3.5 billion in assets and an expanded branch footprint across Central California.

Pacific Western Bank Acquires Civic Financial Services from Wedgewood

February 2, 2021

Financial Services

Pacific Western Bank (PacWest Bancorp) has purchased Civic Financial Services, a Redondo Beach-based institutional private lender, from Wedgewood, LLC. Civic will operate as a wholly owned subsidiary with William J. Tessar remaining as President; financial terms were not disclosed.

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.

West Coast Community Bancorp (Santa Cruz County Bank) Merges with 1st Capital Bancorp

October 1, 2024

Financial Services

West Coast Community Bancorp (parent of Santa Cruz County Bank) completed a merger with 1st Capital Bancorp (and 1st Capital Bank) effective October 1, 2024, and launched the combined bank brand, West Coast Community Bank, on April 1, 2025. The stock-for-stock transaction (1st Capital shareholders received 0.36 shares of Bancorp) expanded the combined franchise across California's Central Coast and Silicon Valley, creating a ~10-branch community bank with roughly $2.8 billion in total assets and increased lending capacity.