I am excited to announce that Southern California Bancorp, the holding company for Bank of Southern California, has entered into a definitive agreement to acquire Bank of Santa Clarita. This strategic acquisition will result in a commercial bank with $2.0 billion in assets, while providing us with an expanded footprint in Los Angeles County, an increased capacity to lend, realized efficiencies, and more. Together, we will be better positioned to serve the commercial banking needs of Southern California’s diverse business community.
The acquisition is subject to shareholder and regulatory approvals and satisfaction of customary closing conditions and is expected to close in the third quarter of 2021.
Since 2001, Bank of Southern California has demonstrated a commitment to providing a solution-driven, relationship-based approach to banking with ready access to decision-makers and enhanced value through strong partnerships with our clients.
On behalf of all of us at Bank of Southern California, we thank you for your business and we look forward to continuing to serve you. If you have any questions about this exciting news and what it will mean for you, please contact your local banking representative, or call 844.BNK.SOCAL.
David I. Rainer
Chairman, President and Chief Executive Officer