Belvedere Pivoting In California.(Belvedere Capital Partners Inc. is acquiring Orange County Bank)

American Banker | August 9, 2007| | Copyright

After more than doubling its investment in a northern California banking company, a San Francisco private-equity firm is now hoping to repeat the performance in southern California.

Belvedere Capital Partners LLC last week announced a deal to buy an Orange County bank outright and a controlling interest in another. The two are to be combined with a third bank in Pasadena that Belvedere made a deal for in February.

The San Francisco firm plans to put all three, with about $650 million of assets, in a new holding company, Belvedere SoCal Inc., and expand it ...

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