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Bracewell Represents Golden Bank, N.A. in Southern California Branch Acquisition

HOUSTON – Bracewell LLP represented Golden Bank, N.A. in the recent acquisition of the Rowland Heights, California, branch of First Choice Bank, a subsidiary of First Choice Bancorp. The acquisition closed on January 29, 2021.

Pursuant to the terms of the transaction’s purchase and assumption agreement, Golden Bank purchased certain assets, including cash, real property, personal property and other fixed assets. Golden Bank also assumed certain deposit liabilities associated with the Rowland Heights Branch. All necessary regulatory approvals were obtained prior to closing.

Bracewell lawyers involved in the transaction included:

Partners: Joshua T. McNulty, K. Brock Bailey and Steven J. Lorch

Counsel: C. Robert Baird