Zions Bancorp Division CB&T Enters Agreement To Acquire Four Branch Locations In Palm Desert And Indio From FirstBank
Zions Bancorp Division CB&T Enters Agreement To Acquire Four Branch Locations In Palm Desert And Indio From FirstBank
This transaction is expected to be completed in the first quarter of 2025, subject to customary closing conditions and regulatory approval.Under the agreement, California Bank & Trust will acquire approximately $730 million in deposits and $420 million in loans.
根据协议，加州银行与信托将收购约7300万美元存款和4200万美元贷款。
Upon completion, the branch acquisition will expand CB&T's physical presence in Coachella Valley to a total of six locations and will add approximately 15,000 new customers, resulting in a combined 7% market share in Coachella Valley.
完成后，分行收购将扩大CB&T在科切拉山谷的实体存在，总共六个地点，并将增加约1.5万名新客户，从而在科切拉山谷拥有7%的市场份额。
As part of the agreement, CB&T will welcome the California-based FirstBank employees to its existing team of more than 900 associates.
作为协议的一部分，CB&T将欢迎总部位于加利福尼亚的FirstBank员工加入其现有的900多名员工团队。
This transaction is expected to be completed in the first quarter of 2025, subject to customary closing conditions and regulatory approval.
此交易预计将在2025年第一季度完成，须遵守惯例的 closing 条件和监管批准。
