Bank of the Sierra Completes Acquisition of Lompoc Branch
May 21, 2018
Porterville, CA – Bank of the Sierra announced today, the completion of its acquisition of the Lompoc Division of Community Bank of Santa Maria on Friday, May 18, 2018. The Lompoc Branch is located at 705 W. Central Avenue, Lompoc, CA 93436 and will be open Monday through Thursday: 9:00am-5:00pm and Friday: 9:00am-6:00pm. New and existing customers will now have access to Bank of the Sierra’s wide variety of financial products, services, advanced technology upgrades, and a growing network of convenient locations and ATMs.
Kevin McPhaill, Bank President and CEO, expressed his excitement about the acquisition, “We are excited for the opportunity to expand our footprint along the coast, and serve the financial needs of the Lompoc community. Additionally, Bank of the Sierra is fully committed to supporting the nonprofit organizations of Lompoc through employee volunteerism and our Sierra Grant Program. We look forward to welcoming the members of the Lompoc community to Bank of the Sierra.”
About Bank of the Sierra
Bank of the Sierra is in its 41st year of operations and is the largest independent bank headquartered in the South San Joaquin Valley. Bank of the Sierra is a community-centric regional bank, which offers a full range of retail and commercial banking services with full-service branches located within the counties of Tulare, Kern, Kings, Fresno, Los Angeles, Ventura, San Luis Obispo, and Santa Barbara. The bank also maintains an online branch, and provides specialized lending services through an agricultural credit center, a real estate industries center, and an SBA center. In 2018, Bank of the Sierra received a Bauer Financial 5-star rating, an honor only awarded to the strongest financial institutions in the country.
Forward-Looking Statements
The statements contained in this release that are not historical facts are forward-looking statements based on management’s current expectations and beliefs concerning future developments and their potential effects on the Company. Readers are cautioned not to unduly rely on forward looking statements. Actual results may differ from those projected. These forward-looking statements involve risks and uncertainties including but not limited to the health of the national and local economies, the Company’s ability to attract and retain skilled employees, customers’ service expectations, the Company’s ability to successfully deploy new technology, the success of acquisitions and branch expansion, changes in interest rates, loan portfolio performance, and other factors detailed in the Company’s SEC filings, including the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s most recent Form 10-K and Form 10-Q.
