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BRIEFLY

Security Pacific and Diablo Bank plan to merge.

September 26, 1986

Diablo Bank will be merged into Security Pacific National Bank and its shares converted into stock of Los Angeles-based Security Pacific Corp. The total purchase price is estimated to be between $18 million and $19.5 million. Headquartered in Danville, Calif., Diablo Bank also has branches in Alamo and San Ramon. As of August, 1986, Diablo Bank had assets of $115 million and capital of $6.75 million.

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