University Bancorp wins regulatory clearance for Greater Pacific Bancshares buyout, closing set for July 1, 2026

UNIVERSITY BANCORP

UNIVERSITY BANCORP

UNIB

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  • University Bancorp will raise its stake in Greater Pacific Bancshares to 100% from 8.93%, with closing set for July 1, 2026.
  • Total purchase price for 100% of Greater Pacific Bancshares is expected to be $36.78 million.
  • Bank of Whittier, a Greater Pacific unit, will become a wholly owned subsidiary of University Bancorp following completion.
  • University Bancorp plans to keep Bank of Whittier as a separate bank, with no consolidation with University Bank.
  • Integration plans include shifting Bank of Whittier’s residential servicing to Midwest Loan Services to target scale-driven cost savings.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. University Bancorp Inc. published the original content used to generate this news brief via ACCESS Newswire (Ref. ID: 202605281855ACCESSWRNAPR_____1171720) on May 28, 2026, and is solely responsible for the information contained therein.

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