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Friday, Jun 9, 2023

FCB, National Mercantile Merger Completed

FCB Bancorp and National Mercantile Bancorp have completed their merger creating First California Financial Group Inc. The new company will trade on NASDAQ under the symbol FCAL. “With the finalization of this merger, we are positioning ourselves to become a major financial institution in Southern California,” said C.G. Kum, former CEO of FCB Bancorp who is now president and CEO of the new bank. “Our asset size will increase to over $1 billion and our branch system will expand to 12 offices servicing Los Angeles, Orange and Ventura counties.”

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