Business News • MarketWire • Embarcadero Bank - Announces Regulatory Approval of Planned Merger With Coronado First Bank |
Embarcadero Bank - Announces Regulatory Approval of Planned Merger With Coronado First Bank |
|
|
Embarcadero Bank - Announces Regulatory Approval of Planned Merger With Coronado First Bank
SAN DIEGO, CA--(Marketwire - Nov 1, 2011) - Embarcadero Bank received approval of the merger of Coronado First Bank with Embarcadero Bank from the California Department of Financial Institutions on October 24, 2011, and from the Federal Deposit Insurance Corporation on October 31, 2011. Embarcadero Bank and Coronado First Bank are required to wait until at least November 15, 2011, before closing the merger in order to allow the Department of Justice to file any objection it may have to the merger under federal antitrust laws. If no objection is filed by the Department of Justice, and the other closing conditions to the merger can be satisfied or are waived, Coronado First Bank and Embarcadero Bank intend to close the merger on or around November 15, 2011, although this date is subject to change. The proposed merger with Coronado First Bank was announced on March 22, 2011.
View More : http://www.marketwire.com/mw/release.do?id=1580726&sourceType=3
|
|
|