SC Bancorp shareholders approved the sale of their Anaheim, Calif., banking company to Western Bancorp of Laguna Niguel, Calif.

Under terms of the stock transaction-valued at around $110 million-SC Bancorp shareholders would receive 0.875 share of Western Bancorp stock for each share of SC Bancorp stock.

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.