Investors on Thursday resisted the urge to place bets on which California bank would be the next to go after U.S. Bancorp's deal with Western Bancorp.

A merger announcement typically sends investors scurrying to invest in companies that could be the next takeover targets. But the day after the $958 million merger deal was announced, shares of Newport Beach, Calif.- based Western Bancorp's peers - GBC Bancorp of Los Angeles; City National Corp. of Beverly Hills, and Bank of Hemet in Riverside-either fell or rose modestly, in pace with other bank stocks.

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