IE Business Daily Business news for the Inland Empire.
Security California Bancorp, holding company of Security Bank of California in Riverside, has been sold.
Irvine-based Pacific Premier Bancorp Inc. announced last week that it has reached an agreement to buy Security Bank for an undisclosed sum, according to a statement.
Security Bank, a state-chartered financial institution, had $733.6 million in total assets, $470.4 million in gross loans and $653.7 million in total deposits as of Aug. 31 of this year.
Security Bank has six branch offices in Riverside, San Bernardino and Orange counties and a loan production office in Los Angeles County, according the statement.
