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Sources say First Business Bank seeking to buy troubled 1st Pacific: 'nothing has been announced, discussed'.

Publication: San Diego Business Journal
Publication Date: 18-MAY-09 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Sources say First Business Bank seeking to buy troubled 1st Pacific: 'nothing has been announced, discussed'.(TOP EXECUTIVE)

Article Excerpt
First Business Bank, with about $100 million in assets, is seeking to buy troubled 1st Pacific Bank of California, a University City-based bank more than four times its size, according to banking sources.

Ron Carlson, chief executive at 1st Pacific Bank, with $400 million in assets, declined to comment on negotiations, which sources said were in the latter stages.

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"Nothing has been announced, and there's nothing I can discuss," Carlson said. "It's not clear whether we'll be doing any kind of merger or any kind of transaction."

A call to First Business Bank, based...

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