West Coast Community Bancorp and 1st Capital Bancorp Announce Receipt of Shareholder Approval for Merger
West Coast Community Bancorp (OTCQX: SCZC) and 1st Capital Bancorp (OTCQX: FISB) have received shareholder approval for their merger. The transaction, expected to close on October 1, 2024, has also obtained all necessary regulatory approvals. Based on June 30, 2024 financial results, the combined entity will have approximately $2.8 billion in total assets and banking branches in four Central Coast California counties.
Krista Snelling, President and CEO of West Coast Community Bancorp and Santa Cruz County Bank, expressed excitement about the merger's progress and its potential to enhance technology and services for clients throughout the West Coast. The merger will combine Santa Cruz County Bank's strengths as a top-rated, full-service community bank with 1st Capital Bank's focus on commercial enterprises, professionals, and real estate investors along the Central Coast region of California.
West Coast Community Bancorp (OTCQX: SCZC) e 1st Capital Bancorp (OTCQX: FISB) hanno ottenuto l'approvazione degli azionisti per la loro fusione. La transazione, prevista per chiudere il 1 ottobre 2024, ha anche ottenuto tutte le necessarie approvazioni normative. Sulla base dei risultati finanziari del 30 giugno 2024, l'entità combinata avrà circa 2,8 miliardi di dollari in attivi totali e filiali bancarie in quattro contee della Central Coast della California.
Krista Snelling, Presidente e CEO di West Coast Community Bancorp e Santa Cruz County Bank, ha espresso entusiasmo per i progressi della fusione e il suo potenziale di migliorare tecnologia e servizi per i clienti in tutta la West Coast. La fusione unirà i punti di forza di Santa Cruz County Bank come banca comunitaria a servizio completo, altamente valutata, con l'attenzione di 1st Capital Bank per le imprese commerciali, i professionisti e gli investitori immobiliari nella regione della Central Coast della California.
West Coast Community Bancorp (OTCQX: SCZC) y 1st Capital Bancorp (OTCQX: FISB) han recibido la aprobación de los accionistas para su fusión. La transacción, que se espera cerrar el 1 de octubre de 2024, también ha obtenido todas las aprobaciones regulatorias necesarias. Basado en los resultados financieros del 30 de junio de 2024, la entidad combinada tendrá aproximadamente 2.8 mil millones de dólares en activos totales y sucursales bancarias en cuatro condados de la Central Coast de California.
Krista Snelling, Presidenta y CEO de West Coast Community Bancorp y Santa Cruz County Bank, expresó su entusiasmo por el progreso de la fusión y su potencial para mejorar la tecnología y los servicios para los clientes a lo largo de la Costa Oeste. La fusión combinará las fortalezas de Santa Cruz County Bank como un banco comunitario de servicio completo altamente calificado con el enfoque de 1st Capital Bank hacia las empresas comerciales, profesionales e inversores inmobiliarios en la región de la Central Coast de California.
웨스트코스트 커뮤니티 뱅콥 (OTCQX: SCZC)와 1st 캐피탈 뱅콥 (OTCQX: FISB)가 합병에 대한 주주 승인을 받았습니다. 2024년 10월 1일에 완료될 것으로 예상되는 이번 거래는 모든 필요한 규제 승인을 받았습니다. 2024년 6월 30일 기준 재무 결과를 바탕으로, 통합된 기관은 약 28억 달러의 총 자산을 보유하게 되며, 캘리포니아 중앙 해안의 네 개 카운티에 은행 지점을 운영할 것입니다.
웨스트코스트 커뮤니티 뱅콥과 산타 크루즈 카운티 뱅크의 회장 겸 CEO인 크리스타 스넬링은 합병의 진전과 이를 통해 서부 해안 전역의 고객에게 기술 및 서비스를 향상시킬 수 있는 잠재력에 대해 흥분을 표현했습니다. 이번 합병은 산타 크루즈 카운티 뱅크의 상위 평가를 받은 전 서비스 커뮤니티 은행으로서의 강점과 1st 캐피탈 뱅크의 상업 기업, 전문가 및 부동산 투자자에 대한 초점을 결합하게 됩니다.
West Coast Community Bancorp (OTCQX: SCZC) et 1st Capital Bancorp (OTCQX: FISB) ont reçu l'approbation des actionnaires pour leur fusion. La transaction, qui devrait se conclure le 1er octobre 2024, a également obtenu toutes les approbations réglementaires nécessaires. Sur la base des résultats financiers au 30 juin 2024, l'entité combinée disposera d'environ 2,8 milliards de dollars d'actifs totaux et de succursales bancaires dans quatre comtés de la Central Coast de Californie.
Krista Snelling, Présidente et PDG de West Coast Community Bancorp et de Santa Cruz County Bank, a exprimé son enthousiasme quant aux progrès de la fusion et à son potentiel d'amélioration de la technologie et des services pour les clients tout au long de la Côte Ouest. La fusion combinera les atouts de Santa Cruz County Bank en tant que banque communautaire complète de premier ordre avec l'accent mis par 1st Capital Bank sur les entreprises commerciales, les professionnels et les investisseurs immobiliers de la région de la Central Coast de Californie.
West Coast Community Bancorp (OTCQX: SCZC) und 1st Capital Bancorp (OTCQX: FISB) haben die Zustimmung der Aktionäre zu ihrer Fusion erhalten. Die Transaktion, die voraussichtlich am 1. Oktober 2024 abgeschlossen wird, hat auch alle erforderlichen regulatorischen Genehmigungen erhalten. Basierend auf den finanziellen Ergebnissen zum 30. Juni 2024 wird die kombinierte Einheit über insgesamt ca. 2,8 Milliarden US-Dollar an Vermögenswerten verfügen und Bankfilialen in vier Landkreisen an der Central Coast von Kalifornien erhalten.
Krista Snelling, Präsidentin und CEO von West Coast Community Bancorp und Santa Cruz County Bank, äußerte Begeisterung über den Fortschritt der Fusion und ihr Potenzial, Technologie und Dienstleistungen für Kunden an der Westküste zu verbessern. Die Fusion wird die Stärken von Santa Cruz County Bank als hoch bewertete, vollumfängliche Gemeinschaftsbank mit dem Fokus von 1st Capital Bank auf Geschäftsbetriebe, Fachleute und Immobilieninvestoren in der Central Coast Region Kaliforniens kombinieren.
- Shareholder approval received for the merger
- All regulatory approvals obtained
- Combined entity will have approximately $2.8 billion in total assets
- Expanded presence with branches in four Central Coast California counties
- Potential for enhanced technology and services for clients
- None.
Additionally, all required regulatory approvals have been received for the merger and the closing of the transaction is expected to be completed as of October 1, 2024, subject to certain other customary closing conditions.
Based on financial results as of June 30, 2024, the combined company will have approximately
"We were excited to have regulatory approvals as well as shareholder approvals from both banks, which are key steps in the finalization of this union. We look forward to officially assimilating our teams into one and believe that this combination will allow us to provide greater technology and services with exceptional delivery to clients throughout the West Coast," stated Krista Snelling, President and CEO of West Coast Community Bancorp and Santa Cruz County Bank.
About Santa Cruz County Bank and West Coast Community Bancorp
Founded in 2004, Santa Cruz County Bank ("Bank") is the wholly owned subsidiary of West Coast Community Bancorp, a bank holding company. The Bank is a top-rated, locally operated, and full-service community bank headquartered in
About 1st Capital Bancorp and 1st Capital Bank
1st Capital Bancorp is the holding company for 1st Capital Bank, whose primary target markets are commercial enterprises, professionals, real estate investors, family business entities, and residents along the Central Coast region of
Forward-Looking Statements
This press release contains certain forward-looking information about West Coast Community Bancorp and Santa Cruz County Bank ("
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SOURCE West Coast Community Bancorp
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