Santa Clarita Bank Says It Will Buy A. Levy Branch
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Santa Clarita National Bank said it has signed a letter of intent to buy the Van Nuys branch of Bank of A. Levy, an Oxnard-based institution. The price was not disclosed.
To complete the deal, the companies must reach a definitive agreement and gain regulatory approval.
Santa Clarita, based in Valencia, has 10 offices and total deposits of about $180 million. The Bank of A. Levy’s Van Nuys office has about $25 million in deposits, Santa Clarita said.
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