This strategic acquisition allows us to grow our commercial banking model by further expanding Bank of Southern California’s footprint north of Los Angeles to include the city of Santa Clarita. Santa Clarita is home to more than 6,000 businesses representing various industries including aerospace, manufacturing, bio-medical, entertainment, technology, and more, making it a prime location as we continue to execute upon our aggressive growth strategies.
This acquisition will result in a commercial bank with $2.0 billion* in assets, allowing us to better support the growing needs of our customers by offering an expanded branch network, increased lending capacity, additional resources, and more.
We look forward to welcoming Bank of Santa Clarita employees, customers, and shareholders to Bank of Southern California.
Below you will find important information regarding our impending acquisition.
- Letter from the President and CEO
- Press Release: Southern California Bancorp to Acquire Bank of Santa Clarita
*Based on financial results as of December 31, 2020, the combined company will have pro forma total assets of $2.0 billion.