In a deal that would provide entree to Southern California and ramp up its small-business lending effort, U.S. Bancorp said it has agreed to buy Bank of Commerce for about $314 million in stock.

The pact, announced late Thursday, would bring U.S. Bancorp one of the nation's top Small Business Administration lenders. It would also give the Minneapolis-based banking company 10 full-service bank branches in the burgeoning Southern California market.

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