In Brief: Calif. Bank's Subsidiary To Buy Investment Firm

A bank holding company is expanding its presence in the financial services industry with the acquisition of a longtime area firm.

Monterey Bay Bancorp subsidiary Portola Investment Corp. has agreed to acquire Financial Strategies Capital Management, Capitola, Calif.

Financial Strategies has been offering independent investment services in Santa Cruz County since 1983, while Portola has operated through Monterey Bay Bank's seven branches since 1992.

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