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West Coast Community Bancorp completes acquisition of 1st Capital Bancorp to form West Coast Community Bank

PUBLIC · WCCBOct 01, 2024

Acquiring Company

West Coast Community Bancorp

Acquired Company

1st Capital Bancorp

CaliforniaSalinasFinancial ServicesFinancial ServicesFinanceLendingBanking

Description

West Coast Community Bancorp, the parent company of Santa Cruz County Bank, has successfully completed the acquisition of 1st Capital Bancorp, forming the new West Coast Community Bank. This merger positions the combined bank as one of the largest community banks on the Central Coast, with a greater overall scale, lending capacity, and commitment to exceptional client service standards and community focus.

Quick answer

West Coast Community Bancorp is acquiring 1st Capital Bancorp, announced October 1, 2024. West Coast Community Bancorp is based in California, United States.

How much did West Coast Community Bancorp pay for 1st Capital Bancorp?
The deal value was not disclosed.
What does West Coast Community Bancorp do?
West Coast Community Bancorp is the holding company for Santa Cruz County Bank and is headquartered in Santa Cruz, California.
Where are West Coast Community Bancorp and 1st Capital Bancorp based?
West Coast Community Bancorp is based in California, United States. 1st Capital Bancorp is based in Salinas, California, United States.
Who are the decision-makers at West Coast Community Bancorp?
Fundz holds 1 contact at West Coast Community Bancorp. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

West Coast Community Bancorp

Location

California, United States

About

West Coast Community Bancorp is the holding company for Santa Cruz County Bank and is headquartered in Santa Cruz, California. It has entered into an agreement to merge with 1st Capital Bancorp, headquartered in Salinas, California. The merger is part of the company's strategic growth plan to enhance its market presence and service offerings.

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Frequently asked

Who acquired 1st Capital Bancorp?

1st Capital Bancorp was acquired by West Coast Community Bancorp, based in California. The deal was reported on October 1, 2024. West Coast Community Bancorp is the holding company for Santa Cruz County Bank and is headquartered in Santa Cruz, California. West Coast Community Bancorp is publicly traded (WCCB) and operates in Financial Services.

When did West Coast Community Bancorp acquire 1st Capital Bancorp?

West Coast Community Bancorp's acquisition of 1st Capital Bancorp was reported on October 1, 2024. West Coast Community Bancorp, the parent company of Santa Cruz County Bank, has successfully completed the acquisition of 1st Capital Bancorp, forming the new West Coast Community Bank. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does 1st Capital Bancorp do?

1st Capital Bank is a locally managed community bank headquartered in Monterey County. We provide professional banking, including credit and cash management services, to businesses, professionals and residents throughout California’s Central Coast. Member FDIC It is privately held, operating in Financial Services, and is based in Salinas.

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