Business News • MarketWire • Coronado First Bank Announces Completion of Merger With San Diego Private Bank |
Coronado First Bank Announces Completion of Merger With San Diego Private Bank |
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Coronado First Bank Announces Completion of Merger With San Diego Private Bank
CORONADO, CA--(Marketwired - Apr 2, 2013) - Today, Coronado First Bank (OTCQB: NADO) and San Diego Private Bank announced the completion of their merger, effective April 2, 2013. Although Coronado First Bank is the surviving bank in the merger, the combined bank will operate under the name of San Diego Private Bank and will be headquartered in Coronado. The Bank's Coronado and Newport offices will operate as divisions under the names Coronado Private Bank and Newport Private Bank, respectively. The SBA division located in San Marcos will continue to expand under the Private Business Capital banner. Selwyn Isakow will serve as Chairman of the Board, Maria P. Kunac will serve as President and CEO of the Bank and the continuing directors will be David Ellman, David Engelman, Selwyn Isakow, Leon Kassel, Maria P. Kunac, David Moore, Ernest Rady, Steve Rippe and Jerry Suppa, for a total of nine directors. The combined Bank has approximately $300 million in total assets with capital significantly above regulatory requirements.
View More : http://www.marketwire.com/mw/release.do?id=1774511&sourceType=3
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