Coronado First Bank, based in Coronado, Calif., will merge with San Diego Private Bank, based in La Jolla, Calif. by the first quarter of 2013.
“The merger is a great opportunity for us to provide our clients increased credit capacity and expanded access to tailored banking products and services,” said Maria P. Kunac, president and CEO of Coronado First Bank, in a news release.
In Coronado, the bank will retain the Coronado name. In other locations the new bank will be called San Diego Private Bank. No disruptions to operations at current locations are expected.