Bank of Tucson parent Grandpoint Bank, which recently announced it would be acquired by California-based Pacific Premier Bank, kept its five-star rating.
A.E. Araiza / Arizona Daily StarSignage on the Bank of Tucson’s two local offices were changed this week to reflect the sale of the bank’s parent company to Pacific Premier Bancorp, a publicly traded company based in Irvine, California.
The $641 million stock deal is expected to close July 1.
Contact senior reporter David Wichner at dwichner@tucson.com or 573-4181. On Twitter: @dwichner. On Facebook: Facebook.com/DailyStarBiz
Subscribe to stay connected to Tucson. A subscription helps you access more of the local stories that keep you connected to the community.
Get the latest local business news delivered FREE to your inbox weekly.
Reporter
While the name will change, the bank's staffing, culture will remain the same.
Charitable donations by Southern Arizona businesses and organizations.
Tucson-based Commerce Bank, Canyon Community recover "adequate" ratings from major bank monitor.
Regulatory order to raise capital lifted for Tucson's only locally-owned bank
Bank and credit-union ratings show two local banks retaining low marks.
Get up-to-the-minute news sent straight to your device.
