First Community Bancorp of Rancho Santa Fe, Calif., is buying the $146 million-asset Pacific Liberty Bank in Huntington Beach, Calif., for $41.8 million.
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The deal, announced late Thursday, is expected to close this year. It would be First Community's second in southern California this year and its 12th there since January 2001. Pacific Liberty's two Orange County branches would be merged into Pacific Western National Bank, the larger of First Community's two subsidiaries.
The $2.8 billion-asset First Community said in April that it was buying the $245 million-asset First American Bank of Rosemead for $62.3 million. That transaction is expected to close next quarter.
