A San Francisco-based venture fund has announced plans to buy a Sacramento-area savings and loan for $80 million.

Belvedere Capital Partners Inc. would pay $22.05 for each outstanding share of Placer Savings Bank. Belvedere said the deal, announced last week, would be financed through its newly formed Placer Capital Co.

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.