Acquiring Company
Friendly Hills Bank
Acquired Company
Branch
MinneapolisFinancial ServicesLending And InvestmentsInformation TechnologyCommerce and ShoppingFinancial ServicesSoftwareCommerce And Shoppinginformation technology & servicesDescription
Friendly Hills Bancorp (OTCBB: FHLB), the holding company for Friendly Hills Bank, announced today the closing of its acquisition of three branch offices of Bank of Southern California, effective September 24, 2021. In connection with the branch acquisitions, Friendly Hills Bank assumed approximately $81.2 million in deposits and will operate from new locations in Orange, California and Redlands, California. Bank of Southern California’s Santa Fe Springs branch operation has been consolidated with the nearby Friendly Hills Bank’s Santa Fe Springs branch location. The net purchase price for the acquisition, including the cost of personal property and other fixed assets, was approximately $1.3 million.
Quick answer
Friendly Hills Bank is acquiring Branch, announced September 27, 2021.
- How much did Friendly Hills Bank pay for Branch?
- The deal value was not disclosed.
- What does Friendly Hills Bank do?
- Friendly Hills Bank is a community bank which was formed to primarily serve the Southern California communities of eastern Los Angeles County and northern Orange County.
- Where are Friendly Hills Bank and Branch based?
- Branch is based in Minneapolis, Minnesota, United States.
Source: Fundz verified event record.
Other recent acquisitions in Financial Services and Lending And Investments
Deals where the buyer or target shares a sector with this one, within 45 days, from Fundz verified event records.
- Paypal To Acquire Paidy (September 8, 2021)
- Fluence Acquires Xlcubed For Excel-Centric, Enterprise-Ready Reporting And Analytics (November 2, 2021)
- Cross River Acquires Leading Small Business Software Provider Betterfin, Expanding Its Full Suite Of Offerings (November 2, 2021)
- Priority Technology Holdings, Inc. Completes Acquisition Of Finxera To Create The Premier Payments And Banking As A Service Platform (September 18, 2021)
- Sitecore Acquires Ai-Powered Digital Search Platform Reflektion (September 3, 2021)
- Voicesage Acquires 2Sms To Strengthen Its Presence In The U.S. Market (October 29, 2021)
Who to call at Friendly Hills Bank, and when
When Friendly Hills Bank changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Friendly Hills Bank raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Friendly Hills Bank, from your own LinkedIn network
Works inside ChatGPT and Claude. Ask who to call at Friendly Hills Bank. With Fundz connected, it knows.
AI made execution free. Knowing first is the whole game now.
Fundz sees it the moment Friendly Hills Bank makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.
Frequently asked
Who acquired Branch?
Branch was acquired by Friendly Hills Bank. The deal was reported on September 27, 2021. Friendly Hills Bank is a community bank which was formed to primarily serve the Southern California communities of eastern Los Angeles County and northern Orange County. Friendly Hills Bank is privately held and operates in Financial Services.
When did Friendly Hills Bank acquire Branch?
Friendly Hills Bank's acquisition of Branch was reported on September 27, 2021. Friendly Hills Bancorp (OTCBB: FHLB), the holding company for Friendly Hills Bank, announced today the closing of its acquisition of three branch offices of Bank of Southern California, effective September 24, 2021. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Branch do?
Branch was founded to give companies a more cost-effective, faster way to pay employees and contractors, which in turn theoretically can maybe help them attract and retain talent and save money compared to using traditional payment methods. It is privately held, operating in Information Technology, and is based in Minneapolis.
This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.
145 of these a day, filtered to the companies you pick, with the decision-maker attached.
5 screens from a live account. No signup.