Successful California Bank Merger Advised by Stinson Leonard Street
Stinson Leonard Street LLP advised on the merger of Pan Pacific Bank, of Fremont, CA, with California Bank of Commerce, of Lafayette, CA, which closed on December 31, 2015. The strategic partnership will result in a business bank with over $650 million in total assets dedicated to serving businesses in the San Francisco Bay Area. Terry Peterson, President & CEO of California Bank of Commerce, was very pleased with the outcome and praised his advisory team by commenting, "Ernie Panasci and his Bank M&A legal team at Stinson Leonard Street handled this complex transaction with expertise, ease and urgency. We greatly enjoyed working with Ernie and his team. We are big fans."
Stinson Leonard Street attorneys Ernie Panasci and Ryan Behrman advised California Bank of Commerce on the transaction. Hovde Group served as financial advisor to California Bank of Commerce. Keefe, Bruyette & Woods, a Stifel Company served as financial advisor to Pan Pacific Bank.
Stinson Leonard Street's Banking and Financial Services practice provides a full range of legal services to hundreds of financial institutions from large national organizations to regional and community banks, credit unions, industrial loan and thrift companies, private institutional and asset managers, and government entities.
If you have any questions, please contact Ernie Panasci or Ryan Behrman, or your usual Stinson Leonard Street contact.