Ncal Bancorp CA (NCAL) 0.9900 $NCAL Commercial
Post# of 273242
Posted On: 09/16/2016 9:09:10 AM
Ncal Bancorp CA (NCAL) 0.9900 $NCAL
Commercial Bank of California Completes Merger with National Bank of California
BusinessWire - Mon May 02, 8:00AM CDT
Commercial Bank of California (CBC), and National Bank of California, have completed their merger, giving the combined entity six branches in Southern California, more than $750 million in total assets and more than $650 million in total deposits. The newly combined bank will be known as Commercial Bank of California and it will be a wholly owned subsidiary of NCAL Bancorp (OTCPINK:NCAL). All branches will remain open under the new structure, but plans are underway to in effect relocate the current Brentwood Office to a new location in Santa Monica on or about August 1, 2016, subject to regulatory approvals and potential construction delays.
Commercial Bank of California and National Bank of California to Merge
BusinessWire - Wed Oct 14, 7:30PM CDT
NCAL Bancorp (OTC Pink: NCAL), National Bank of California and Commercial Bank of California today announced the execution of a definitive agreement providing for the acquisition of Commercial Bank of California by NCAL Bancorp through the merger of a wholly-owned subsidiary of NCAL Bancorp with and into Commercial Bank of California, followed immediately by the merger of National Bank of California with and into Commercial Bank of California.
NCAL Bancorp Completes Initial Recapitalization
BusinessWire - Wed Dec 10, 7:00PM CST
NCAL Bancorp (OTCBB:NCAL), the parent company of National Bank of California, announced today the sale of 19,890,322 shares of its common stock for $10,881,000, or $0.54705 per share, to Alex Meruelo and the current directors and an officer of the company. Mr. Meruelo is the founder of the Meruelo Group, located in Downey, California. He will now own approximately 89% of the total outstanding shares of common stock of NCAL Bancorp.
Commercial Bank of California Completes Merger with National Bank of California
BusinessWire - Mon May 02, 8:00AM CDT
Commercial Bank of California (CBC), and National Bank of California, have completed their merger, giving the combined entity six branches in Southern California, more than $750 million in total assets and more than $650 million in total deposits. The newly combined bank will be known as Commercial Bank of California and it will be a wholly owned subsidiary of NCAL Bancorp (OTCPINK:NCAL). All branches will remain open under the new structure, but plans are underway to in effect relocate the current Brentwood Office to a new location in Santa Monica on or about August 1, 2016, subject to regulatory approvals and potential construction delays.
Commercial Bank of California and National Bank of California to Merge
BusinessWire - Wed Oct 14, 7:30PM CDT
NCAL Bancorp (OTC Pink: NCAL), National Bank of California and Commercial Bank of California today announced the execution of a definitive agreement providing for the acquisition of Commercial Bank of California by NCAL Bancorp through the merger of a wholly-owned subsidiary of NCAL Bancorp with and into Commercial Bank of California, followed immediately by the merger of National Bank of California with and into Commercial Bank of California.
NCAL Bancorp Completes Initial Recapitalization
BusinessWire - Wed Dec 10, 7:00PM CST
NCAL Bancorp (OTCBB:NCAL), the parent company of National Bank of California, announced today the sale of 19,890,322 shares of its common stock for $10,881,000, or $0.54705 per share, to Alex Meruelo and the current directors and an officer of the company. Mr. Meruelo is the founder of the Meruelo Group, located in Downey, California. He will now own approximately 89% of the total outstanding shares of common stock of NCAL Bancorp.
(0)
(0)Scroll down for more posts ▼