NCAL Bancorp (NCAL) in Los Angeles is selling one of its five branches to a neighboring bank.

The $356 million-asset holding company of National Bank of California said Thursday it would sell a branch and $12.2 billion of deposits to Manufacturers Bank of Los Angeles for an undisclosed amount. The deal, which is expected to close by early next year, would give the $2.1 billion-asset Manufacturers 13 branches.

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