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Transactions

May 21, 2002

SOUTHLAND BANKS AGREE TO $142 MILLION MERGER

First Community Bancorp has agreed to acquire First National Bank of San Diego for $142 million. The deal was announced April 29. Rancho Santa Fe's First Community is a holding company for three Southern California banks: Rancho Santa Fe National Bank, which specializes in commercial loans; First Community Bank of the Desert, which focuses on mortgages and small-business loans; and First Professional Bank, serving the health care community of Los Angeles.

        First Community Bancorp has agreed to acquire First National Bank of San Diego for $142 million. The deal was announced April 29.
        Rancho Santa Fe's First Community is a holding company for three Southern California banks: Rancho Santa Fe National Bank, which specializes in commercial loans; First Community Bank of the Desert, which focuses on mortgages and small-business loans;...

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