Shareholders of California Financial Holding Co., parent of Stockton Savings Bank, have approved a merger with Dallas-based Temple-Inland Inc.

Temple-Inland, a paper, corrugated packaging, and building products manufacturer, would pay $150 million in common stock and cash for the $1.3 billion-asset thrift.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.