First California Financial Group (FCAL)

[56Chevy]

Anyone on this board see that PCBC sold today?

I've gone on record here of saying I supported FCAL's growth strategy by rolling up other banks but this PCBC deal could be a game changer (*limited to only a few healthy banks such as FCAL) going forward.

I did not expect that PCBC deal being done in this enviroment. I'm still a bit stunned to be honest.

PCBC and FCAL have no ties to one another what-so-ever except to say they are both high quality Calif banks among a sea of bad ones and if PCBC was offered a deal like this what does that do to the value of FCAL?

IF FCAL were put for sale, I think the price just went up!