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Enterprise Bank & Trust Acquires Deposits And Loans Ofvalley Capital Bank In Phoenix

By TechAgreements

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At September 30, 2009, Valley Capital Bank reported assets of approximately $40.3 million, loans of approximately $23.7 million, other real estate owned of approximately $5.2 million and deposits of approximately $41.3 million. As part of the purchase and assumption transaction, Enterprise and the FDIC have entered into a loss sharing agreement on the assets acquired.

Full post as published by TechAgreements on December 14, 2009 (boomark / email).

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