Manatt Represents Northern California National Bank in Its $50M Acquisition by Private Investors

Manatt’s Craig Miller, leader of the firm’s financial services group, represented Northern California National Bank (NorCal) in its agreement for investors to acquire up to 100% of the shares of the bank through a tender offer to all of its stockholders. The investors will offer $33.07 in cash for each share of NorCal stock (an aggregate of $50 million), a 61% premium over NorCal’s closing price per share as of March 5, 2021. After the investors’ acquisition, the bank will continue to operate as Northern California National Bank with its current CEO and president, and with other members of senior management remaining in active leadership roles.

To learn more about the transaction, click here.

manatt-black

ATTORNEY ADVERTISING

pursuant to New York DR 2-101(f)

© 2021 Manatt, Phelps & Phillips, LLP.

All rights reserved