Bank of the Sierra Completes Acquisition of Woodlake Branch
November 6, 2017
Porterville, CA – Bank of the Sierra announced today, the completion of its acquisition of the Woodlake Branch of Citizens Business Bank on Friday, November 3, 2017. The Woodlake Branch is located at 232 N. Valencia Boulevard, Woodlake, CA 93286. Existing customers can now take advantage of Bank of the Sierra’s wide variety of products and services and gain access to a growing number of convenient locations and ATMs.
Kevin McPhaill, Bank President and CEO, expressed his enthusiasm about the acquisition, “We are excited about this expansion. Woodlake is a wonderful part of Tulare County and we look forward to becoming part of the Woodlake community.”
About Bank of the Sierra
Bank of the Sierra is in its 40th 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 via 39 full-service branches located throughout California’s South San Joaquin Valley and neighboring communities, on the Central Coast, and in Southern California locations including the Santa Clara Valley. We also maintain an online branch and provide specialized lending services through an agricultural credit center, a real estate industries center, and an SBA center.
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.
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