DMG Bancshares, Inc. Finalizes Acquisition of Liberty Bancorp

IRVINE, Calif., Aug. 15, 2022 (GLOBE NEWSWIRE) -- DMG Bancshares, Inc. ('DMG') today announced that it has completed its acquisition of Liberty Ban...

August 16, 2022
2:20 AM

IRVINE, Calif., Aug. 15, 2022 (GLOBE NEWSWIRE) -- DMG Bancshares, Inc. ('DMG') today announced that it has completed its acquisition of Liberty Bancorp. First announced February 28, 2022, the $34.1 million all-cash acquisition merges Liberty Bank, located in South San Francisco, CA, with DMG's California First National Bank ('CalFirst'), located in Irvine, California, under the name Liberty Bank, N.A. ('Liberty'), effective close of business August 12, 2022. Liberty Bancorp has been serving the business communities of the San Francisco Peninsula and San Lorenzo Valley since 1982 from its South San Francisco headquarters.

Liberty Bank