First PacTrust Bancorp, Inc. Completes Acquisition of The Private Bank of California (First PacTrust Bancorp Inc)

(Source: First PacTrust Bancorp Inc) First PacTrust's total assets exceed $3 billion with branches throughout Southern California and loan production offices in five western states. The Private Bank of California merged into First PacTrust's subsidiary Beach Business Bank, with the resulting bank named The Private Bank of California. Transaction is expected to be immediately accretive to core earnings. IRVINE, Calif.--(BUSINESS WIRE)-- First PacTrust Bancorp, Inc. (Nasdaq: BANC) ("First...