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Blue Gate Bank/Poppy Bank merger complete

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Blue Gate Bank/Poppy Bank merger complete

Costa Mesa, Calif.-based Blue Gate Bank's merger with and into Santa Rosa, Calif.-based Poppy Bank was effective July 13, according to the August bulletin of the California Department of Business Oversight.

The state regulator approved the merger June 4.

As of June 30, Blue Gate Bank had $121.8 million in assets, while Poppy Bank had $1.76 billion in assets.

Poppy Bank is a unit of Big Poppy Holdings Inc.