Bank of Southern California (FBBN.OB) to Acquire Two Branch Offices
Bank of Southern California and Palm Desert National Bank announced that they have signed a definitive agreement for Bank of Southern California to acquire two branch offices from Palm Desert National Bank (PDNB). The expectation is that the transaction will close by mid October 2010, pending regulatory approvals. The offices being acquired are the Palm Springs office, located at 333 N. Palm Canyon Drive, Suite 102, in Palm Springs, and the La Quinta office at 47-000 Washington Street in La Quinta. Bank of Southern California plans to retain the employees who currently work in those offices. Upon completion of the…