Bank of Marin Bancorp in Novato, Calif., has agreed to buy Bank of Napa in California.

The $2.1 billion-asset Bank of Marin said in a press release Tuesday that it will pay $51 million in stock for the $246 million-asset Bank of Napa. The deal is expected to close in the fourth quarter.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.