Bank Holdings Inc. has found a relatively simple way to expand into California.
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The parent of the $240 million-asset Nevada Security Bank of Reno announced Monday that it is buying the charter and the one branch of the privately held CNA Trust Corp. in Costa Mesa.
Bank Holdings did not say how much it is paying. It did disclose that the deal included only the $194 million-asset bank’s charter, loans, and branch — not its deposit business.
Even so, the 2-year-old Bank Holdings would get a springboard to grow along the I-80 corridor, which runs through northern Nevada into California, said Hal Giomi, the company’s president and chief executive.
