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Calif. regulator OKs Community 1st Bank's merger into First Foundation Bank

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Calif. regulator OKs Community 1st Bank's merger into First Foundation Bank

The California Department of Business Oversight on Sept. 5 approved Community 1st Bank's merger with and into First Foundation Bank.

Irvine, Calif.-based First Foundation Inc. agreed to buy Auburn, Calif.-based Community 1st Bancorp in an all-stock deal valued at around $50.4 million.