Data Wrap

June 2011
Mergers & Acquisitions Report;6/13/2011, Vol. 24 Issue 24, p18
This section offers news briefs on mergers and acquisitions in the U.S. as of June 2011. Apex Exposure Inc. has been acquired by Big Fuel Communications LLC. First PacTrust Bancorp Inc. plans to acquire the entire share capital of Gateway Bancorp. Merge Healthcare Inc. has signed an agreement to merge with Ophthalmic Imaging Systems Inc.


Related Articles

  • First PacTrust Gets Fed OK on Gateway. Stewart, Jackie // American Banker;8/6/2012, Vol. 177 Issue 120, p2 

    The article reports the U.S. Federal Reserve approved First PacTrust Bancorp's $15.5 million deal to buy Gateway Bancorp but there is a 15-day waiting period imposed by the Justice Department. The deal is expected to close on August 17, 2012 and has the approval of the Office of the Comptroller...

  • Strict Regulations Lure First PacTrust to Mortgage M&A. Witkowski, Rachel // National Mortgage News;6/27/2011, Vol. 35 Issue 39, p15 

    The article reports on the move of loan holding firm First PacTrust Bancorp Inc. to acquire Cerritos, California-based mortgage bank Gateway Bancorp to diversify and improve the former's interest rate income in the housing market using Gateway's 22 loan production offices.

  • Bank Acquisition Taking Longer Than Anticipated. Allen, Mike // San Diego Business Journal;3/12/2012, Vol. 33 Issue 11, p13 

    The article reports that the deadline for First PacTrust Bancorp Inc.'s acquisition of Gateway Bancorp LLC has been extended from its original completion date on April 30, 2012, due to issues of regulatory approvals.

  • First Pac Trust Bancorp Finds Gateway to More Real Estate Business. Allen, Mike // San Diego Business Journal;6/13/2011, Vol. 32 Issue 24, p8 

    The article reports on the move of First PacTrust Bancorp Inc. to buy Gateway Bancorp, a Cerritos lender, for 17 million dollars in Chula Vista, California. Greg Mitchell, chief executive officer (CEO) of First PacTrust, notes that the deal offers chances to acquire a platform that generates...

  • New Buyers Beware: First Closings Unlikely to Be Fast. Monks, Matthew // American Banker;7/16/2012, Vol. 177 Issue 108, p1 

    The article reports on First PacTrust Bancorp's acquisition of Beach Business Bank and Gateway Bancorp with a focus on the amount of time that passes between a deal's announcement and completion. First PacTrust's chief executive officer Gregory Mitchell notes financial and U.S. regulatory issues...

  • Patience Paid Off as Oft-Delayed Deal Closes. Witkowski, Rachel // American Banker;12/9/2011, Vol. 176 Issue F346, p4 

    The article reports U.S. regulators are delaying approval for bank mergers and focuses on Nara Bancorp and First PacTrust Bancorp Inc. Chief executive officer Alvin Kang mentions his strategy for getting approval for Nara Bancorp's purchase of Center Financial Corp. The merger produced a...

  • PacTrust Moves to Raise $35 Million. Jane Yu // Orange County Business Journal;6/10/2013, Vol. 36 Issue 23, p13 

    The article reports that 35 million dollars will be raised by First PacTrust Bancorp Inc. through a public offering of 1.4 million depositary shares that represent an interest in the company's preferred stock.

  • Correction.  // American Banker;4/18/2012, Vol. 177 Issue 60, p16 

    A correction is presented for the April 17, 2012 article "Regulators Show More Interest in Secrecy Act Oversight" which misidentified the buyer of two thrift institutions which were not purchased by First PacTrust company.

  • First PacTrust Reports Lower Earnings as OREO Expenses Spike. Stewart, Jackie // American Banker;11/11/2011 Daily Briefings, Vol. 176, p12 

    Brief financial information is given for First PacTrust Bancorp Inc. which reported third-quarter 2011 earnings of $506,000 and its valuation allowance for other real estate owned (OREO) reached $1.3 million.


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics