First California Financial Group (FCAL)

[56Chevy]

Before commenting on the PacWest bid allow me a minute of satisfaction. All thanks to my friend, partner and mentor EI who defined for me what to look for in an excellent bank.

Todays news reminds me of what it was like as a young dad expecting the birth of my daughters...only this time it's a bank. lol. I feel a like a "baby" has just been born. "Oh look honey she has that same little drive up window your mother had..she looks just like you". lol. OK I'm being silly...sorry gents.

Late DEC. 2010 FCAL was identified as an excellent bank to be in as a growth story & potential target for a buy out. It's plan, ability and follow-thru to roll up other banks was handled perfectly by the BoD & Management. All of these things made for a solid attractiveness that would no doubt eventually garner attention from another suitor who would want FCAL enough to make an offer for it and at a premium! Considering the current miserable state of S&P Financials all across the land, FCAL still stands tall. I'm very proud! Cigars all around! lol. OK enough gloating. Thanx EI ;) You dah man.

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Post # 13 Jan 5,th 2011
56Chevy writes:

I was asked on another board why I have an interest in this bank?

There are actually a couple of reasons. I'll answer one by showing a post from another board authored by my good friend Enterprising Investor. This was on the PCBCD board.

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Enterprising Investor Monday, December 27, 2010 10:04:09 PM
Re: nodice99 post# 561 Post # of 585

PCBC is not merely a bank.

It should be also viewed as an "investment vehicle". Ford, Webb & Co. are going to use PCBC to roll up community banks.

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For those who followed the PCBC success story this should be obvious that it might be wise to look for potential Calif acquisition candidate(s). *This is all pure speculation at this point. There has been nothing (official or unofficial) to indicate PCBC has any interest in FCAL what-so-ever.

The bottom line is FCAL is making all the right moves much like a PCBC would do. It stands as a good investment on its own whether acquired or not. And they have FDIC backing to acquire more...which is huge. The upside potential looks bright imo.