A Los Angeles company formed two years ago to roll up community banks continues to do just that.

Grandpoint Capital announced late Monday that it is buying NCAL Bancorp, the holding company for the National Bank of California, a $341 million-asset bank with five branches in southern California. The deal would be Grandpoint's ninth — and seventh in California — since it was established with roughly $75 million of capital and would boost its assets to roughly $1.8 billion.

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