Bank deal.
Bank Deal: Foothill Independent Bancorp agreed to be acquired by First Community Bancorp for $238 million in stock. Rancho ran·cho
n. pl. ran·chos Southwestern U.S.
1. A hut or group of huts for housing ranch workers.
2. A ranch. Santa Fe-based First Community said the acquisition would strengthen its position in the fast-growing region. Glendora-based Foothill, parent of Foothill Independent Bank, had $794 million in assets and twelve branches in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , Riverside and San Bernardino San Bernardino, city, United States
San Bernardino (săn bûr'nədē`nō), city (1990 pop. 164,164), seat of San Bernardino co., S Calif., at the foot of the San Bernardino Mts.; inc. 1854. counties as of the end of September.
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