University Bancorp in Ann Arbor, Mich., has agreed to buy Greater Pacific Bancshares in Whittier, Calif.
University said in a press release that it will also buy American Finance House LARIBA, a mortgage and auto lender based in Pasadena, Calif. The deals are expected to close in the first half of 2026.
Greater Pacific is the parent of the $167 million-asset Bank of Whittier. LARIBA has $18 million of assets.
LARIBA shareholders will be paid mostly in cash at close to book value. A minority shareholder in UIF Corp., University Bancorp’s faith-based finance subsidiary, will convert its interest into University Bancorp stock, increasing the holding company’s equity base.