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Southern California Bancorp Announces Sale of Three Branches to Friendly Hills Bank
April 19, 2021 GMT
SAN DIEGO & WHITTIER, Calif. (BUSINESS WIRE) Apr 19, 2021
Southern California Bancorp (OTC Pink: BCAL), the holding company for Bank of Southern California, N.A., and Friendly Hills Bank (OTCBB: FHLB) jointly announce the signing of a definitive agreement whereby Friendly Hills Bank will acquire three Bank of Southern California branches. The branches are located in Orange, Redlands and Santa Fe Springs, California.
“This transaction represents our disciplined approach to aligning our branch network to support our evolving commercial banking model,” said Nathan Rogge, President and Chief Executive Officer of Bank of Southern California. “These three branches are more aligned to serve a consumer or small business banking model, rather than a commercial banking model. We thoughtfu
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Leader Bank has taken over the sponsorship of Live Nation s South Boston Waterfront amphitheater.David Desroches
Move over, Rockland Trust. Itâs Leader Bankâs turn to have its name in the harbor lights.
The Arlington bank has signed a seven-year naming rights deal to sponsor Live Nationâs Seaport concert venue, which is being dubbed Leader Bank Pavilion as of Monday. Leader made the move after Rockland decided not to renew the contract it inherited when it acquired the waterfront amphitheaterâs previous sponsor, Blue Hills Bank.
Leaderâs decision to sign a multiyear, multimillion-dollar agreement comes amid uncertainty about when concerts will start up again after live music went on a prolonged hiatus because of the COVID-19 pandemic. TD Garden and Fenway Park in recent weeks resumed admitting sports fans, with severe occupancy limits. But economics and ticketing logistics make it more difficult for major concert venues to reopen with such limited capaciti
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The Gazette s Business Notes is a compendium of the week s promotions, new hires, certifications, added business lines and business events, among other items, in Cedar Rapids, Iowa City and the rest of the Corridor.