Finance and Thrift Company of Porterville, California and fellow CDFI bank Pan American Bank of Los Angeles have announced the completion of their merger in an all stock transaction. The combined entity will operate under the Pan American name and be headquartered in Los Angeles. The merger will create a bank with total assets of $155.2 million and total capital of $36.9 million. The bank will maintain a fully bilingual staff and operate six branch offices in Southern California. “The new Pan American Bank reflects our continued commitment to building value for our shareholders and to expanding our services—both in product offerings and locations,” said Robert Hughes, CEO of the combined organization.