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Calif. regulator OKs Premier Business Bank-First Foundation Bank merger

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Calif. regulator OKs Premier Business Bank-First Foundation Bank merger

The California Department of Business Oversight on April 4 approved Los Angeles-based Premier Business Bank's proposed merger into Irvine, Calif.-based First Foundation Bank, according to the state banking regulator's May bulletin.

Earlier in April, shareholders of Premier Business Bank's parent company, PBB Bancorp, also approved the company's merger into First Foundation Inc.