| FCB Bancorp, and its two wholly owned subsidiaries, First California Bank and South Coast Commercial Bank, is a leading community banking company with headquarters in Ventura County. As previously announced, FCB Bancorp will sell South Coast Commercial Bank to Woori America Bank for a premium of $1 million before taxes and expenses. Prior to this transaction, which is subject to regulatory approvals and is anticipated to close in the fourth quarter of 2005, most of the assets and liabilities of South Coast Commercial Bank, including all current retail customer accounts will be acquired or assumed by First California Bank.
First California Bank opened for business in 1979 and has six full service offices located in Camarillo, Oxnard, Simi Valley, Thousands Oaks, Ventura and Westlake Village. South Coast Commercial Bank has two full service offices in Irvine and Anaheim Hills and a loan production office in Torrance.
|
