Irvine-based Opus Bank has agreed to acquire 10 banking offices in Southern California from Los Angeles-based PacWest Bancorp, a buy that would bring a total of about $145 million in deposits.
Opus is set to pay a 2.5% “blended deposit premium,” according to the bank.
Opus is the largest bank based in Orange County based on assets, with about $2.4 billion.
The deal will give Opus four new banking offices in Los Angeles County: in Encino, Westwood, Monrovia and South Pasadena. It also will get branches in Carlsbad, El Cajon and La Mesa in San Diego. The other newly acquired offices will mark a debut for Opus in the Inland Empire, with offices in Chino and Twentynine Palms in San Bernardino County, and La Quinta in Riverside County.
—Jane Yu
