First Banks Inc., St. Louis, has agreed to buy two banks in California for about $46.5 million.

First Banks, a $4.3 billion-asset holding company, said it would buy Republic Bank, Torrance, for about $20.5 million in cash, or $14.73 a share, and Redwood Bancorp, San Francisco, for $26 million.

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.