In Brief: San Jose Bank Buys Asset-Based Lender

SAN JOSE, Calif. - The holding company for $205 million San Jose National Bank has announced it will acquire Astra Financial Inc., an asset- based lending company based here.

SJNB Financial Corp., also based in San Jose, said the acquisition will more than double the size of SJNB's current factoring operation, known as SJNB Financial Services.

Thomas D. Griffin, president of Astra Financial, will join SJNB as vice president of business development.

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