First Interstate Bank of California has agreed...

First Interstate Bank of California has agreed to acquire the Bank of Contra Costa as part of its expansion in Northern California. The price was not disclosed and the transaction is subject to regulatory approval. Bank of Contra Costa, a subsidiary of Learner Financial Corp. of Orinda, has assets of $171 million and six branches in the Northern California county. The acquisition will give Los Angeles-based First Interstate 71 branches in the Bay Area. First Interstate is a subsidiary of First Interstate Bancorp.