Sacramento Commercial Bank has sold its SCB Financial Software division, which sells accounting software, hardware, and technical support to bankruptcy trustee depositors, to First Bank of California for an undisclosed sum.

Though the deal, which closed last week, did not include Sacramento Commercial’s $25 million of bankruptcy trustee deposits — liquidated assets from estates in bankruptcy, which trustees deposit in banks for safekeeping until disbursing them to creditors — the bank said it expects most of its trustee customers to switch their accounts to First Bank in Sacramento.

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.