Banc of California (BANC) in Irvine has acquired an 8% stake in Clearinghouse CDFI, an institution that serves low- to moderate-income communities in California and Nevada.

The $3.6 billion-asset Banc of California said in a press release Friday that it invested $705,000 in Clearinghouse, marking the biggest one-time purchase of the CDFI's shares.

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