West Coast Community Bancorp and 1st Capital Bancorp Announce Receipt of Shareholder Approval for Merger

Core Viewpoint - The merger between West Coast Community Bancorp and 1st Capital Bancorp has been overwhelmingly approved by shareholders, with the transaction expected to close on October 1, 2024, following all necessary regulatory approvals [1][2][3]. Group 1: Merger Details - Shareholders of both West Coast Community Bancorp and 1st Capital Bancorp approved the merger at special meetings held on September 18 and 19, 2024 [1]. - The combined entity will have approximately $2.8 billion in total assets and will operate banking branches across four counties in California [2]. Group 2: Leadership Statements - Krista Snelling, President and CEO of West Coast Community Bancorp, expressed excitement over the regulatory and shareholder approvals, highlighting the merger's potential to enhance technology and service delivery to clients [3]. Group 3: Company Backgrounds - Santa Cruz County Bank, founded in 2004, is a full-service community bank known for its relationship-based service and is a leading SBA lender in its region [4]. - 1st Capital Bancorp focuses on commercial enterprises and offers a range of credit products, including government-backed loans, with five full-service branches in the Central Coast region [5].