Two California community banks have called off a planned
Goleta National Bank, a $71 million-asset institution, canceled its
The two companies had planned to form a holding company called Community
"We just couldn't see eye to eye," said Bob Hamilton, president and
Mr. Hamilton said the two parties disagreed over staffing, among other
Lew Stone, Goleta's president, said it would go ahead and form Community
Goleta is now more likely to make an acquisition rather than try another
He said he doesn't expect a reconciliation with Los Robles.
Mr. Stone would have led the combined company.
"I think I'm disappointed predominantly that both the concept and what
Meanwhile, Los Robles is also looking for acquisition targets and would
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WEST PALM BEACH, Fla.-Republic Security Financial Corp. closed a deal
The company merged its main subsidiary, Republic Security Bank, with its
Republic officials said the merger would create a stronger community
"This offers a real alternative to the giant banking organizations which
Carol Owen, chief executive officer of Family Bank, is joining Republic