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Article: First National Bank to Acquire Business of Sequoia National Bank.
- Article from:
- Business Wire
- Article date:
- November 6, 2004
CopyrightCOPYRIGHT 2004 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SOUTH SAN FRANCISCO, Calif. -- FNB Bancorp (OTCBB:FNBG), a registered bank holding company and the parent of First National Bank of Northern California, based in South San Francisco, California, and Sequoia National Bank, based in San Francisco, California (OTCBB:SQNB), today announced that Sequoia National Bank and First National Bank of Northern California, together with Hemisphere National Bank, based in Miami, Florida, have entered into an Acquisition Agreement dated November 5, 2004, whereby First National Bank of Northern California would acquire all of the assets and San Francisco-based banking operations of Sequoia National Bank. The all-cash purchase price to be ...