Bank of Napa Acquired by Bank of Marin
Manatt successfully represented the Bank of Napa in its recent acquisition by the Bank of Marin. The deal, which was led by Manatt's David Gershon, a partner in the firm's financial services group, is set to close in the fourth quarter, following a green light from regulators and shareholders.
As quoted by the North Bay Business Journal, Bank of Napa CEO and President Tom LeMasters stated that Bank of Napa will be getting an “expanded product line and larger lending limits” from the acquisition.
“For our shareholders, it’s the opportunity to join one of the premier community banks in the Bay Area,” said LeMasters.