Southern California Bancorp, the holding company for Bank of Southern California, and California BanCorp, the holding company for California Bank of Commerce, will merge in an all-stock transaction valued at approximately $233.6 million.
California Bank of Commerce added veteran California-based bankers Ryan Mauser and Dana Swanson to its team. Mauser is based out of the bank’s office in the East Bay, while Swanson is based in the Sacramento, CA, region.
California Bank of Commerce launched a sponsor finance lending division, which will be led by Larry LaCroix as executive vice president. The division will work with private equity firms (including search funds) and direct lenders to provide cash flow-based senior debt financing.
California BanCorp, the holding company for California Bank of Commerce, is making a move into the Sacramento market, focusing on full-service commercial banking for mid-market businesses. Scott Myers is joining the CBC C-suite as senior executive vice president and chief lending officer to lead growth in the market.
Adrienne Enoksen joined California BanCorp as vice president, relationship manager. Enoksen was previously a relationship manager with Bridge Bank.
Anthony Thompson joined the California Bancorp as a senior vice president and senior relationship manager serving business professionals throughout the greater San Francisco Bay area.