First PacTrust Bancorp (BANC) in Irvine, Calif., raised $43.1 million from the sale of senior notes.

The $1.7 billion-asset company also expects to receive roughly $6.5 million after its underwriters exercise an over-allotment option, First PacTrust said Thursday. First PacTrust expects to use the money for possible acquisitions, organic growth, investments in its units and general corporate purposes.

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