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.

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.