published on October 5, 2017 - 11:17 AM
Written by
Written by
Folsom Lake Bank is officially part of the Central Valley Community Bank family.
Effective Oct. 1, parent company Central Valley Community Bancorp completed the acquisition of Folsom Lake Bank near Sacramento, with three-full service branches in Folsom, Rancho Cordova and Roseville that will now become Central Valley Community Bank locations. Signage will be converted by February 2018.
The sale, valued at $28.4 million, was first announced in April. Folsom Lake Bank had total assets of $205.88 million on June 30. With the acquisition, Central Valley Community Bancorp will have about $1.7 billion in assets and 24 branches through the Central Valley and Sacramento region.
“First and foremost, we are honored to combine our two like-minded community banks, each known for its incredible customer advocacy, deep commitment to business, and active service to the community. It has been a privilege to work with our collective teams to finalize this acquisition, which will enrich the Company’s future performance with the addition of truly outstanding new team members and loyal customers who value the same excellent quality service standards as Central Valley Community Bank,” stated James M. Ford, President and CEO of Central Valley Community Bancorp and Central Valley Community Bank.
Related Posts
-
Community banks report positive first quarter marked with uncertainty Posted: May 14, 2025 at 2:17 pmWith 2025 approaching its halfway point, local community banks have
Read more » -
Fresno becomes national hub for SBA 7(a) loan servicing requests Posted: May 2, 2025 at 2:48 pmThe U.S. Small Business Administration (SBA) is streamlining the national
Read more » -
Caesar’s Palace owner commits $725M for Madera casino construction Posted: at 1:49 pmThe North Fork Rancheria of Mono Indians announced this week
Read more » -
Valley auto dealer appointed vice chairman of United Security Bank Posted: April 29, 2025 at 2:59 pmUnited Security Bancshares, the parent company of Fresno-based United Security
Read more »
Central Valley Biz Blogs
-
BLOG: Bill advances that would undermine PAGA reform
Posted: April 25, 2025 at 1:59 pm
Reform of the Private Attorneys General Act (PAGA) was one
Read more » -
BLOG: Should breaking news alter your investment strategy?
Posted: April 22, 2025 at 2:03 pm
More than ever before, investors are inundated with news alerts
Read more »
