County Bank, a wholly owned subsidiary of Capital Corporation of the West, announced that it has completed the purchase of three former Bank of America branches.
The three branches were part of a 26-branch divestiture by the big San Francisco banking company. At Dec. 5, the offices had a total of $64 million in deposits. No loans were bought in the sale. With this purchase, County Bank's assets will exceed $360 million.
The three offices-in Livingston, Dos Palos, and Mariposa-became official banking locations of County Bank on Friday.
Capital Corporation of the West has two banking subsidiaries: County Bank and Town and Country Finance and Thrift Co., an industrial loan company headquartered in Turlock.
Currently, County Bank has 13 branch offices serving Merced, Madera, Mariposa, Stanislaus, and Tuolumne counties. Town and Country has four branch offices-in Turlock, Modesto, Visalia, and Fresno.