ROWLAND HEIGHTS, Calif.--(BUSINESS WIRE)--First General Bank announced that the merger of Golden Security Bank, Rosemead, California, with and into First General Bank has successfully been completed.
“The merger brings together two great institutions,” said First General CEO Cliff Hsu. “First General Bank and Golden Security share a commitment to meeting the banking needs of our community. We are confident that the merger will create an even more rewarding banking relationship for customers through a wider choice of banking services and an expanded branch network,” Hsu added.
The combined bank, retaining the name of First General Bank, will have total assets exceeding $450 million, and six branch locations throughout the greater San Gabriel Valley and Orange County areas.
About First General Bank
First General Bank, founded in 2005, had total assets of approximately $328 million as of June 30, 2011. First General Bank is headquartered in Rowland Heights, California, with branches in Arcadia, Rowland Heights, San Gabriel, and Irvine, California. First General Bank focuses on personalized service, combined with a full range of traditional and online core consumer and commercial banking products and cash management services for small to medium sized businesses and individuals residing or doing business in southern California.
This document contains forward-looking statements that involve risks, uncertainties and assumptions. If any of these risks or uncertainties materializes or any of these assumptions proves incorrect, the results of First General Bank and Golden Security Bank could differ materially from those expressed or implied by such forward-looking statements.
All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including any projections of synergies, accretion or other financial items; any statements of the plans, strategies, and objectives of management for future operations; any statements regarding future economic conditions or performance; any statements of belief and any statements of assumptions underlying any of the foregoing.
Readers are cautioned not to unduly rely on forward-looking statements. Actual results may differ from those projected. The Companies undertake no obligation to publicly revise these forward-looking statements to reflect subsequent events or circumstances.