Southern California Bancorp completed the acquisition of Bank of Santa Clarita for $56m.

Southern California Bancorp, a bank operator, completed the acquisition of Bank of Santa Clarita, a firm providing banking and financial services, for $56m. “The acquisition of Bank of Santa Clarita marks an important step in our strategy to grow our commercial banking model by expanding the Bank’s footprint north of Los Angeles to the attractive banking communities of the Santa Clarita area. On behalf of our Board, I extend a warm welcome to Bank of Santa Clarita Chairman and Chief Executive Officer Frank Di Tomaso, who join us as a director and providing us additional capabilities as an employee specializing in client relations and marketing," David Rainer, Southern California Bancorp Executive Chairman.