Less than six months after completing its first bank acquisition, First General Bank in Rowland Heights, Calif., has struck another deal.

The $340 million-asset bank said late last week that it is buying Golden Security Bank in Rosemead, Calif., for $4.4 million in cash.

Golden Security, with assets of $140 million, is an industrial bank that had been hit hard by losses on real estate loans. It reported losses of more than $3 million last year, though it seemed to rebound in the first quarter, turning a $555,000 profit, according to Federal Deposit Insurance Corp. data.

In January, First General bought the $111 million-asset American Premier Bank in Arcadia, Calif.

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