A battle for Orange County bragging rights is raging as consolidation heats up among Southern California community banks.

Twice within a week's time, two significant players in a county containing some of Los Angeles' toniest suburbs agreed to a combination that would create the largest independent banking company there. In the more recent deal, announced Dec. 24, Huntington Beach-based Commerce Security Bancorp agreed to buy Eldorado Bancorp, Tustin, for about $91 million in cash. The acquisition would create an $850 million-asset company, with separate subsidiaries in Orange County and Sacramento.

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