San Francisco'sPacific Bank reported that it had received an "unsolicited indication of interest" from another financial institution but would remain independent, in accord with the wishes of its largest shareholder.

The bank did not identify the company that expressed interest in it. John P. Halicky, Pacific's chief financial officer, said no formal offer was made, but he declined to give any other details.

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.