Americas United Bank in Glendale, Calif., has agreed to buy two branches from Banc of California in Irvine.
Executives at Americas United, a $165 million-asset minority owned institution, declined to say how much the bank will pay for the branches. The deal, set to close in the third quarter, also includes $50 million in deposits and $35 million of loans.
Calls to the $6 billion-asset Banc of California were not immediately returned.
Americas United said the deal will help it expand in southeastern Los Angeles.