Some of California's community banks are racing against the clock to take advantage of what could be a once-in-a-lifetime opportunity when Wells Fargo & Co. sells 61 branches.

Wells' upcoming divestiture of the branches, with $2.54 billion in deposits throughout the state, will rank as the largest such sale in California and the third-largest overall.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.