Press release content from Globe Newswire. The AP news staff was not involved in its creation.
First Choice Bank Announces Sale of Rowland Heights Branch
First Choice BancorpFebruary 1, 2021 GMT
CERRITOS, CALIFORNIA, Feb. 01, 2021 (GLOBE NEWSWIRE) First Choice Bancorp (Nasdaq Capital Markets: FCBP) (the “Company”), the holding company for First Choice Bank (the “Bank” or “First Choice”), announced today that the Bank has completed the sale of its Rowland Heights, California branch (“Rowland Heights Branch”) to Golden Bank, N.A. (“Golden Bank”), headquartered in Houston, Texas.
Pursuant to the terms of the Purchase and Assumption Agreement, Golden Bank has agreed to assume certain deposit liabilities, as well as cash, rights, title, and interest in the lease of the real property related to the Rowland Heights Branch, personal property and other fixed assets associated with the Rowland Heights Branch; no loans were sold as part of the subject sale. All necess