Security Bank Acquires Rabobank’s Murrieta Branch
Security Bank of California completed its purchase of a Murrieta branch from Rabobank N.A. Security Bank, and now has six full service branches in Southern California.
The Murrieta branch comes with around $40 million in deposits, but no loans.
James A. Robinson, Security Bank of California Chairman and CEO, said all of the current staff at the former Rabobank branch have joined the Security Bank team. Security Bank plans to continue expanding its products and services to the Murrieta/Temecula business community.
Security Bank of California is one of the fastest growing community business banks in California.
The Bank’s approach to growth is through offering useful and flexible services to small and medium-sized businesses.
Robinson said, “Security Bank has become one of the fastest growing community business banks in California by offering businesses a sophisticated and flexible suite of financial products and services, combined with our highly personalized, high-touch approach to customer service. We look forward to supporting small- and middle-market businesses in the Murrieta/Temecula area in the years ahead.”
Joan Sparkman, Chair of the Southwest Health Systems Board of Governor, a longtime business community Temecula Valley advocate welcomed the latest entry of Security Bank to the area. She said, “I am certain that area businesses will appreciate working with a flexible and responsive bank that understands this market and makes decisions locally.”
Speaking about the Bank’s management, Sparkman said “I have known the management of Security Bank for many years and I am excited that they have chosen to bring their unique approach to commercial banking to the Murrieta/Temecula market.”
Security Bank of California – Murrieta branch
Security Bank of California’s parent bank, Security California Bancorp trades on the Over the Counter Bulletin Board as SCAF.OB. The bank runs full service offices in Riverside, San Bernardino, Redlands, Orange, Palm Desert, and Murrieta/Temecula and issued a press release about the new acquisition.
