First California Financial Group (FCAL)

[56Chevy]

I compared the sale of PCBC to the effects it could have on FCAL someday if it were for sale. It wasn't an apples to apples comparison. It's true both are healthy profittable banks and in the same desired region of Calif however it ends there. PCBC commanded that hefty 60% premium because of it's sheer size in assets under management it offered the buyer. FCAL has $1.9B and PCBC had $5.9B. FCAL is 1/3 the size and although a very attractive acquisition for any potential buyer it still lacks the mass which ultimately commands a handsome premium.

FCAL is marching in the right direction.