Atlanta's Summit National Bank is planning to expand-in California.

The 10-year-old bank, which specializes in international trade finance, has signed an agreement to acquire California Security Bank of San Jose in an all-cash deal. Summit chairman David Yu said the company was attracted to $40 million-asset bank because of its large Asian deposit base and its potential for financing overseas transactions. He added that San Jose has a growing ethnic population but has few ethnic banks.

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