Banc of California completed the acquisition of Pacific Mercantile for $235m.

Banc of California, a bank serving the state of California, completed the acquisition of Pacific Mercantile, a bank holding company, for $235m. “We are excited to welcome Pacific Mercantile’s clients and colleagues into our banking family. Pacific Mercantile’s talented team has built an attractive roster of operating company clients, and we look forward to serving them with high-touch relationship banking,” Jared Wolff, Banc of California President and Chief Executive Officer.