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.
根據該協議，加州銀行和信託將收購約7.3億美元的存款和4.2億美元的貸款。
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.
分支機構的收購完成後，將把CB&T在科切拉谷的實體業務擴大到總共六個地點，並將增加約15,000名新客戶，從而使CB&T在科切拉谷的總市場份額達到7％。
As part of the agreement, CB&T will welcome the California-based FirstBank employees to its existing team of more than 900 associates.
作爲協議的一部分，CB&T將歡迎總部位於加利福尼亞的FirstBank員工加入其現有的900多名員工團隊。
This transaction is expected to be completed in the first quarter of 2025, subject to customary closing conditions and regulatory approval.
該交易預計將於2025年第一季度完成，但須遵守慣例成交條件和監管部門的批准。