Announced
Synopsis
West Coast Community Bancorp, the holding company for Santa Cruz County Bank, agreed to merge with 1st Capital Bancorp, the holding company for 1st Capital Bank, in a $63m deal. "We are thrilled to announce this exciting merger with 1st Capital Bank, a strategic move that underscores our commitment to sustained growth and exceptional service. Our institutions have a rich history of serving our communities with dedication and passion, and this merger will only strengthen that commitment. 1st Capital Bank has built an impressive deposit market share, especially within Monterey County, and a solid reputation for expertise in business lending," Krista Snelling, West Coast Community Bancorp President and CEO.
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