First PacTrust Bancorp, Inc. (BANC: Quote), the holding company for PacTrust Bank and Beach Business Bank, Monday said it has closed its acquisition of Gateway Business Bank for $15.5 million.
Upon closing, Gateway merged into PacTrust Bank. Mission Hills Mortgage Bankers, a division of Gateway, and its 22 loan production offices in California, Arizona, Oregon and Washington, became a division of PacTrust Bank.
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by RTT Staff Writer
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