ST. LOUIS - Continuing its San Francisco buying spree, First Banks America Inc. announced plans to buy $203 million-asset Bank of San Francisco for $65 million of cash.

Friday's announcement was First Banks' third involving a San Francisco bank since June. First Banks, a $1.5 billion-asset St. Louis bank holding company with subsidiaries in Texas and California, also has deals to buy $104 million-asset Millennium Bank of San Francisco and $177 million-asset Commercial Bank of San Francisco for a combined $29.5 million of cash.

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.