Friendly Hills Bank (OTCPK:FHLB) entered into an agreement to acquire Three Branches of Bank of Southern California, National Association on April 19, 2021. The transaction is subject to shareholder and regulatory approvals and satisfaction of customary closing conditions and is expected to close in the third quarter of 2021. D.A. Davidson & Co. served as financial advisor and Duane Morris LLP served as legal counsel to Bank of Southern California. Piper Sandler & Co. served as financial advisor and Manatt, Phelps & Phillips, LLP served as legal counsel for Friendly Hills Bank.

Friendly Hills Bancorp (OTCPK:FHLB) completed the acquisition of Three Branches of Bank of Southern California, National Association from Bank of Southern California for $1.3 million on September 24, 2021.