American Plus Bank to buy United Fidelity Bank's Long Beach branch [Yahoo! Finance]
Piper Sandler Companies (PIPR)
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Source: Yahoo! Finance
The move marks an expansion for American Plus Bank within the Los Angeles Area and facilitates its entry into the Long Beach market. This deal will see American Plus Bank acquiring the branch premises and equipment. The bank will also acquire most of the branch's deposits, which amount to nearly $107m as of 31 October 2024, as well as selected loans totalling around $86m as of the same date. American Plus Bank president John Nerland said: “We are thrilled to enter the Long Beach market and welcome new customers into the American Plus Bank family. “This acquisition reflects our dedication to providing outstanding banking services and support to communities throughout the Southern California Market.” The Long Beach branch will continue to operate with its existing team of professionals under the American Plus Bank brand. Customers are assured of a smooth transition and access to an expanded portfolio of banking products and services. The deal, which is contingent on regulat
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PIPR
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PIPR
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- 11/7/24 - Form 144
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