Zions Bancorporation's California Bank & Trust to Buy FirstBank Branches in Coachella Valley

MT Newswires Live

2024/09/24

Zions Bancorporation (ZION) division California Bank & Trust said late Monday it has signed an agreement to acquire four branch locations in Palm Desert and Indio from FirstBank.

California Bank & Trust said it will acquire about $730 million in deposits and $420 million in loans.

The acquisition will expand California Bank & Trust's presence in Coachella Valley, California, to six locations, it said.

The deal is expected to be completed in Q1 of 2025, subject to closing conditions and regulatory approval.

Price: 47.25, Change: -0.05, Percent Change: -0.11

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Trust said late Monday it has signed an agreement to acquire four branch locations in Palm Desert and Indio from FirstBank.</p><p>California Bank &amp; Trust said it will acquire about $730 million in deposits and $420 million in loans.</p><p>The acquisition will expand California Bank &amp; Trust's presence in Coachella Valley, California, to six locations, it said.</p><p>The deal is expected to be completed in Q1 of 2025, subject to closing conditions and regulatory approval.</p><p>Price: 47.25, Change: -0.05, Percent Change: -0.11</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ZION","symbol_name":"齐昂银行","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2469117566","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2469117566","pubTimestamp":1727126217,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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