PFF Bancorp stockholders back acquisition by FBOP

New York, Sept. 25 - PFF Bancorp, Inc. said its shareholders approved its proposed acquisition by FBOP Corp.

Closing is expected in the fourth quarter.

The stockholder approval came at a special meeting held Thursday.

FBOP will pay $1.35 in cash for each PFF share.

Los Angeles-based PFF Bancorp is the holding company of the PFF Bank & Trust, Glencrest Investment Advisors and Diversified Builder Services.

FBOP is a privately held, multi-bank holding company operating community banks in California, Arizona, Texas and Illinois. It is the parent company of California National Bank in Los Angeles.

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