A bank that has been trying to buy its way into the high desert area north of San Bernardino has finally succeeded in getting a deal.

Business Bank of California, agreed this week to buy High Desert National Bank, Hesperia, Calif., for about $3.9 million in cash.

The acquisition of High Desert, which has $45 million of assets and two branches, would give Business Bank $160 million of assets and six branches. Business Bank had been in search of an acquisition target for a year.

"We've been talking to everybody," said Frank J. Mercardante, president and chief executive officer of Business Bank of California, adding, "Isn't everybody?"

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.