CORONADO, CA--(Marketwire - March 22, 2011) - Coronado First Bank (OTCBB: CDFB) and Embarcadero Bank announced they have signed a definitive agreement to merge the two financial institutions. The combined bank will operate under the name of Coronado First Bank, with headquarters in Coronado, CA. Embarcadero Bank accounts will eventually be consolidated into the existing Coronado branches located in Coronado and downtown San Diego.