Pacific Crest Bank Applies to Become Commercial

Pacific Crest Capital Inc., Agoura Hills, reported that its subsidiary, Pacific Crest Bank, has filed an application with the California Department of Financial Institutions to convert its state charter from an industrial bank to a commercial bank, in preparation for a future full-service online banking system.

Pacific Crest Capital Inc. is a financial holding company offering specialized lending and deposit programs through Pacific Crest Bank.