About First Choice Bancorp
First Choice Bancorp operates as the bank holding company for First Choice Bank that provides a range of retail and commercial banking products and services to individuals, families, and small and medium-sized businesses. It accepts interest and non-interest demand, savings, and money market accounts, as well as time deposits and certificates of deposit. The company offers construction and land development, residential and commercial real estate, commercial and industrial, small business administration, and consumer loans; and debit and commercial credit cards. The company also provides treasury management, remote deposit capture, online and mobile banking, and automated teller machine services, as well as bank-by-mail, courier, domestic and international wire, and documentary collection services. It operates through eight full-service branches located in Alhambra, Anaheim, Carlsbad, Cerritos, Chula Vista, Downtown Los Angeles, Pasadena, and West Los Angeles, California; and two loan production offices located in Manhattan Beach and San Diego, California. The company was incorporated in 2005 and is headquartered in Cerritos, California. Address: 17785 Center Court Drive North, Cerritos, CA, United States, 90703
First Choice Bancorp News and around…
Latest news about First Choice Bancorp (FCBP) common stock and company :
San Diego, CA -- (SBWIRE) -- 05/14/2021 -- An investigation was announced concerning the takeover of First Choice Bancorp.
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Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of First Choice Bancorp (NasdaqCM: FCBP) to Enterprise Financial Services Corp (NasdaqGS: EFSC). Under the terms of the proposed transaction, shareholders of First Choice will receive only 0.6603 shares of Enterprise for each share of First Choice that they own. KSF is seeking to determine whether this consideration and the process that led to it are adequate, or whether the consideration undervalues the Company.
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The tiny California bank recently announced that it will soon be acquired, and for a nice premium.
Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of First Choice Bancorp (NASDAQ: FCBP) to Enterprise Financial Services Corp is fair to First Choice shareholders. Under the terms of the agreement, First Choice common stockholders will receive 0.6603 shares of Enterprise Financial common stock for each First Choice common share held and cash in lieu of fractional shares. Upon closing, First Choice shareholders are expected to own approximately 20% of the combined company.
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Enterprise Financial Services Corp to Acquire First Choice Bancorp
As the saying goes, there are many possible reasons for an insider to sell a stock, but only one reason to buy -- they expect to make money. So let's look at two noteworthy recent insider buys.
Bargain hunters are wise to pay careful attention to insider buying, because although there are many various reasons for an insider to sell a stock, presumably the only reason they would use their hard-earned dollars to make a purchase, is that they expect to make money. Today we look at two noteworthy recent insider buys.