Southern California Bancorp completed the merger with California BanCorp in a $234m deal.

Southern California Bancorp, the holding company for Bank of Southern California, completed the merger with California BanCorp, the holding company for California Bank of Commerce, in a $234m deal. “We are excited to announce the completion of this merger of two highly compatible banking institutions and begin this new chapter. We look forward to building a franchise with greater scale and an expanded suite of products and service offerings which will allow us to deliver exceptional service to our clients and generate significant value to our shareholders,” Steven Shelton, California BanCorp CEO.