Desert Commercial Bank merges with First Foundation Bank
First Foundation Bank and Desert Commercial Bank have merged.
Desert Commercial Bank could have used merger and acquisition advisors to ensure its tie-up with First Foundation Bank went ahead properly.
First Foundation provides trust and private banking services from offices in the Californian regions of Los Angeles, Irvine, El Centro, Palm Desert, San Diego and Pasadena.
It has appointed Nancy Thornburg into the position of vice-president of private banking at the merged organisation.
Ms Thornburg has worked in the sector for 35 years, operating as a loan officer, marketing and training expert and as a bank manager, while she is also president of El Centro's Rotary Club and its Chamber of Commerce.
"We are extremely pleased that Nancy Thornburg - a banker well-respected for her knowledge of financial issues currently challenging desert agricultural, business and government organisations - joined First Foundation Bank," chief executive officer of the financial organisation Scott Kavanaugh said.
The effective date of the merger was August 15th.
Posted by Edel Quinn
Source: First Foundation press release, October 9th