Americas United Bank to Buy Two Banc of California Branches

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.

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