Banc of California acquires Deepstack in payment processing play
Banking news
Stay updated with breaking news from Jayme Amirie. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Banking news
Banc of California recently confirmed that it has acquired the payments platform and technology of Global Payroll Gateway.
Banc of California, Inc. (NYSE: BANC) (the “Company”), the parent holding company of Banc of California, N.A. (the “Bank”), today announced that the Bank has acquired the payments platform and technology of Global Payroll Gateway, Inc. and its wholly-owned subsidiary, Deepstack Technologies, LLC (collectively, “Deepstack”) for $24 million in cash and stock.
Banc of California, Inc. BANC (the "Company"), the parent holding company of Banc of California, N.A. (the "Bank"), today announced that the Bank has