completedits merger with , accordingto a news release.
Each outstandingshare of Commercial Bank was converted into 10.4288 shares of NCAL Bancorp common stock.
The combinedbank is named Commercial Bank of California and is a wholly owned subsidiary ofNCAL. The companyhas six branches in Southern California, with over $750 million in total assetsand over $650 million in deposits.
Ash Patel willserve as president and CEO of Commercial Bank of California and NCAL and Paul Folinowill serve as chairman.