Bank of the Sierra Completes Acquisition of Lompoc Branch
May 21 2018 - 8:01AM
Business Wire
Bank of the Sierra announced today, the completion of its
acquisition of the Lompoc Division of Community Bank of Santa Maria
on Friday, May 18, 2018. The Lompoc Branch is located at 705 W.
Central Avenue, Lompoc, CA 93436 and will be open Monday through
Thursday: 9:00am-5:00pm and Friday: 9:00am-6:00pm. New and existing
customers will now have access to Bank of the Sierra’s wide variety
of financial products, services, advanced technology upgrades, and
a growing network of convenient locations and ATMs.
Kevin McPhaill, Bank President and CEO, expressed his excitement
about the acquisition, “We are excited for the opportunity to
expand our footprint along the coast, and serve the financial needs
of the Lompoc community. Additionally, Bank of the Sierra is fully
committed to supporting the nonprofit organizations of Lompoc
through employee volunteerism and our Sierra Grant Program. We look
forward to welcoming the members of the Lompoc community to Bank of
the Sierra.”
About Bank of the Sierra
Bank of the Sierra is in its 41st year of operations and is the
largest independent bank headquartered in the South San Joaquin
Valley. Bank of the Sierra is a community-centric regional bank,
which offers a full range of retail and commercial banking services
with full-service branches located within the counties of Tulare,
Kern, Kings, Fresno, Los Angeles, Ventura, San Luis Obispo, and
Santa Barbara. The bank also maintains an online branch, and
provides specialized lending services through an agricultural
credit center, a real estate industries center, and an SBA center.
In 2018, Bank of the Sierra received a Bauer Financial 5-star
rating, an honor only awarded to the strongest financial
institutions in the country.
Forward-Looking Statements
The statements contained in this release that are not historical
facts are forward-looking statements based on management's current
expectations and beliefs concerning future developments and their
potential effects on the Company. Readers are cautioned not to
unduly rely on forward looking statements. Actual results may
differ from those projected. These forward-looking statements
involve risks and uncertainties including but not limited to the
health of the national and local economies, the Company’s ability
to attract and retain skilled employees, customers' service
expectations, the Company's ability to successfully deploy new
technology, the success of acquisitions and branch expansion,
changes in interest rates, loan portfolio performance, and other
factors detailed in the Company’s SEC filings, including the “Risk
Factors” and “Management’s Discussion and Analysis of Financial
Condition and Results of Operations” sections of the Company’s most
recent Form 10-K and Form 10-Q.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180521005201/en/
Sierra BancorpMatt Hessler, CFMPDirector of
Marketing559-782-4900 or 888-454-BANKwww.bankofthesierra.com
Sierra Bancorp (NASDAQ:BSRR)
Historical Stock Chart
From Mar 2024 to Apr 2024
Sierra Bancorp (NASDAQ:BSRR)
Historical Stock Chart
From Apr 2023 to Apr 2024