First Banks America Inc. of St. Louis said Thursday that it would buy the $90 million-asset bank for an undisclosed sum. A $17 million deal this year between Lippo and Commercial Bank of San Francisco fell through after Commercial was unable to raise enough funds from private sources.

First Banks, which has $619 million of assets in California, said the transaction would enhance its presence in northern California, where it has 14 branches. It is the second deal in California this year for First Banks, which agreed in March to buy $153 million-asset Century Bank of Beverly Hills.

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