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TheStreet Open House

Americas United Bank Completes Acquisition Of The Lancaster Branch From Silvergate Bank

Stock quotes in this article: AUNB

As of March 31 st, 2014 Americas United Bank (OTCQB: AUNB) has completed its previously announced acquisition of the Lancaster branch from Silvergate Bank, a wholly-owned subsidiary of Silvergate Capital Corporation.

Adriana M. Boeka, President and Chief Executive Officer of Americas United Bank, stated, “We are very pleased to announce our entry into the Lancaster market with the branch located at 539 W Lancaster Blvd, Lancaster, CA 93534. We welcome the employees and depositors of the Lancaster Regional Office to the Americas United Bank family. At Americas United Bank, our vision is to provide a full-range of business and personal banking services to small-to-medium-sized businesses, professionals and entrepreneurs. We are excited to serve the greater Lancaster area, as we believe it is a natural complement to our other full service regional branches in Glendale and Downey, California.”

The new Lancaster branch is located on Lancaster Blvd just north of the Lancaster Metrolink Station as well as convenient access off Highway 14. The branch is open from 9 a.m. to 5 p.m. Monday through Friday.

About Americas United Bank:

Americas United Bank operates as a full-service commercial bank that provides business and personal banking products and services. For more information on the Bank, please visit our website at www.aubank.com.

Forward Looking Statements: The numbers in this press release are unaudited. Statements such as those regarding the anticipated development of the banks' business, and the intent, belief or current expectations of the banks, their directors, or their officers, are "forward looking" statements (as such term is defined in the Private Securities Litigation Reform Act of 1995). Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward looking statements. These risks and uncertainties include, but are not limited to, risks related to the local and national economy, the banks' performance, including their ability to generate loan and deposit growth, changes in interest rates, and regulatory matters.

Copyright Business Wire 2010

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