STOCKTON — The Bank of Stockton announced Friday that it will acquire two First Bank branches located in Brentwood and Napa. The terms of sale were not disclosed and the agreement is subject to regulatory approval and other conditions. The two banks expect the sale to close the third quarter of 2015.
“It gives us entrance into several new markets we currently aren’t in,” said Douglass M. Eberhardt, president and CEO of Bank of Stockton. “It is geographically next to our markets and allows us to expand. Although the name of the branches will change to Bank of Stockton, it is our intention to keep the staff that the communities know.”... Read More