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Calif. regulator OKs Pacific Commerce Bank's merger into First Choice Bank

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Calif. regulator OKs Pacific Commerce Bank's merger into First Choice Bank

The California Department of Business Oversight on May 25 approved Pacific Commerce Bank's proposed merger into First Choice Bank, according to the state banking regulator's June bulletin.

As previously reported, Cerritos, Calif.-based First Choice Bancorp is acquiring Los Angeles-based Pacific Commerce Bancorp.