Under pressure from institutional shareholders, California's SC Bancorp is selling.

The $507 million-asset company agreed Tuesday to be acquired by Laguna Niguel, Calif.-based Monarch Bancorp, a growing Orange County banking company with deep pockets.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

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