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Re: bacc post# 87

Wednesday, 11/07/2012 3:12:34 PM

Wednesday, November 07, 2012 3:12:34 PM

Post# of 206
bacc, you asked about the unfinished business with the PSBK acquisition. They said back in July it would be late 3rd qtr or early 4th quarter...so we're finally here. They may have to amend the share exchange rate considering FCAL's new share price but as far as we know its still all good for PSBK holders... and I'm thinking we'll hear real soon now that that deal is finally done.

They said this in the July amendment:

First California Financial Group, Inc. (Nasdaq:FCAL), or FCAL, the holding company of First California Bank, or FCB, and Premier Service Bank (OTCBB:PSBK), or PSBK, today announced the signing on July 9, 2012 of Amendment No. 1 (the “Amendment”) to their definitive agreement dated February 27, 2012 (the “Merger Agreement”), pursuant to which PSBK will merge into FCB. The transaction is now expected to close late in the third quarter or early in the fourth quarter of 2012, subject to regulatory and shareholder approvals and other customary closing conditions.

And this link is from last February when FCALs' share price was approx. $4 something.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=72642420

The exchange rate will change but dollar for dollar its all good unless we hear differently..and I can't imagine that.








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