First PacTrust Bancorp, Inc. (BANC), 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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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.