First California Financial Group Inc. on Monday said that its First California Bank has closed its $5.5 million acquisition of the electronic banking division of Palm Desert National Bank.

The deal gives First California in Westlake Village the ability to offer sponsored prepaid debit cards and merchant payment services nationwide. The acquisition, which was announced in December, includes the division’s customer base, core deposits, and employees. The unit had revenue of $3.3 million last year and deposits of about $91 million at the deal’s close.

Jim Tingey, the division’s president under Palm Desert National, will continue to manage the electronic banking division in Palm Desert.

First California has assets of $1.9 billion and 19 full-service branch offices in Los Angeles, Orange, Riverside, San Bernardino, San Diego and Ventura counties.

Shares closed unchanged at $3.90 on the Nasdaq.