A community group has succeeded in forcing additional scrutiny of Banc of California's (BANC) expansion plans.

The Office of the Comptroller of the Currency has asked the Irvine, Calif., company to file a second public notice of its plans to buy 20 Southern California branches from Banco Popular (BPOP). The regulator has also established an additional 30-day comment period on the proposed transaction, which was agreed to in April.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.