Business & Real Estate

Redding bank acquires former Bank of America branches in region

Redding-based Bank of Commerce Holdings, which oversees Sacramento Bank of Commerce in Roseville, said it has completed its acquisition of five former Bank of America branch banks in Northern California.

The branches are in Colusa, Corning, Orland, Willows and Yreka.

Terms of the acquisition involved Bank of Commerce Holdings assuming about $149 million in deposits and purchasing $129,000 in loans and $1.8 million in fixed assets.

Bank of Commerce Holdings said employees of the former Bank of America branches will remain in their jobs under the new ownership. Bank of Commerce Holdings now operates nine branches throughout Northern California.

Mark Glover: 916-321-1184, @markhglover