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Banc of California acquires Deepstack in payment processing play - Vimarsana News

Banc of California acquires Deepstack in payment processing play

Banking news

Banc of California Announces Acquisition of Deepstack Technologies - Vimarsana News

Banc of California Announces Acquisition of Deepstack Technologies

Banc of California recently confirmed that it has acquired the payments platform and technology of Global Payroll Gateway.

Banc of California acquires Deepstack Technologies - Vimarsana News

Banc of California acquires Deepstack Technologies

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 Enters Payment Processing Business with Acquisition of Deepstack Technologies - Banc of California (NYSE:BANC) - Press Release - Vimarsana News

Banc of California Enters Payment Processing Business with Acquisition of Deepstack Technologies - Banc of California (NYSE:BANC) - Press Release

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