Porterville, Calif.-based Bank of the Sierra on May 18 completed its purchase of Community Bank of Santa Maria's branch at 705 W. Central Ave. in Lompoc, Calif.
As previously reported, the California Department of Business Oversight approved the branch deal back in April.
As of March 31, Bank of the Sierra had approximately $2.37 billion in total assets, according to S&P Global Market Intelligence data, while Community Bank of Santa Maria had approximately $271.5 million in total assets.
