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Liberty Bank, N.A. has relocated its branch from South San Francisco to the new Gateway @ Millbrae Station community in Millbrae, California. The move, completed on August 26, 2024, marks a significant step for the bank as it aims to continue serving its existing San Francisco Bay Area customers while attracting new clientele. The new branch, located at 105 North Rollins Road, is part of a vibrant multi-use residential and retail community anchored by BART and Caltrain stations.
Don Griffith, Chairman and CEO, emphasized the bank's commitment to providing financial solutions and banking expertise that customers have relied on for the past 40 years. The new location offers a unique banking experience, combining modern banking with human expertise and a focus on building strong relationships with customers. Liberty Bank aims to foster local economic growth through its specialized banking services and community-oriented approach.
Liberty Bank, N.A. (LIBC) has announced a ribbon cutting ceremony for its new branch in the Gateway @ Millbrae Station community complex. The event is scheduled for Monday, August 26, 2024, from 9:00 to 10:00 AM PST at 105 North Rollins Road, Millbrae, CA 94030.
Attendees will have the opportunity to meet and interact with representatives from the City of Millbrae, Liberty Bank's executive management team, and the new branch personnel. This event marks the official opening of Liberty Bank's newest location, expanding its presence in the Millbrae area.
DMG Bancshares has successfully acquired Liberty Bancorp for $34.1 million in an all-cash deal, effective August 12, 2022. This merger combines Liberty Bank, with total assets of $293 million, into DMG’s California First National Bank, forming a larger entity with over $600 million in assets. Customers can anticipate enhanced benefits through new products and technology. The merger signifies DMG's commitment to growth and stability in the California banking market.
DMG Bancshares and Liberty Bancorp have signed a merger agreement for an all-cash transaction valued at approximately $31.2 million, equating to $35.19 per Liberty share. Additional cash considerations of up to $2.9 million may be payable depending on future events. Liberty Bank, a subsidiary of Liberty, has total assets of $293 million. Post-merger, DMG will approach $500 million in total assets. The deal, subject to shareholder and regulatory approvals, is expected to close in summer 2022, enhancing DMG's business banking capabilities in the San Francisco Bay Area.
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