Plaza Bank Completes Merger with Bank of Manhattan
Plaza Bank, Irvine, California (“Plaza Bank”) today announced the completion of its merger with Bank of Manhattan, N.A. As the resulting bank, Plaza Bank will have approximately $1.0 billion in assets, with deposits of approximately $850 million, and will have seven branches located in Los Angeles County, Orange County, and Las Vegas. As part of the transaction, Plaza Bank has been reorganized as a wholly-owned subsidiary of Plaza Bancorp, and the former shareholders of Plaza Bank are now shareholders of Plaza Bancorp.
