Americas United Bank acquired approximately $50 million of deposits and $35 million of loans in the transaction, along with certain other assets related to the branches.
With the acquisition of these two branches, Americas United Bank now has approximately $216 million in assets and five branches in Los Angeles County, including its main branch in Glendale, and one each in Downey and Lancaster.
"On behalf of our Board of Directors and our entire staff, it’s my pleasure to welcome our new employees and valued clients to Americas United Bank," said President and CEO, Adriana M. Boeka. "Our top priority continues to be consultative and relationship-based, and we look forward to serving the communities of Commerce and Santa Fe Springs."
The new Commerce branch is located at 6001 E. Washington Boulevard; the new Santa Fe Springs branch is located at 10400 South Norwalk Boulevard. Both branches are easily accessed from Interstate 5. The branches are open from 9 a.m. to 5 p.m. Monday through Thursday, and from 9 a.m. to 6 p.m. on Friday. Customers of the Commerce and Santa Fe Springs branches can immediately take advantage of banking at any Americas United Bank location.
FinPro Capital Advisors, Inc. served as Americas United Bank’s financial advisor and King, Holmes, Paterno & Soriano, LLP, as legal counsel.
