Home Bank successfully bid for about $82 million of insured deposit liabilities of Bank of San Pedro, Calif.

Bank of San Pedro was closed by California's superintendent of banks on Friday, and the Federal Deposit Insurance Corp. was appointed receiver.

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.