CALABASAS, Calif., July 30, 2015 (GLOBE NEWSWIRE) -- Horgan, Rosen, Beckham & Coren, L.L.P., (HRBC), served as legal counsel to American Riviera Bank (OTC:ARBV), a commercial bank headquartered in Santa Barbara, California, in connection with its merger with The Bank of Santa Barbara. This merger combines two of the leading community banks in the South Coast region and will result in the second largest community bank based in the City of Santa Barbara with combined assets of over $400 million. The combination of these two financial institutions will benefit the entire Santa Barbara community as the resulting bank will have additional branch locations, expanded product offerings, state of the art technology, and top notch customer service.
Led by partner Arthur A. Coren, the corporate and banking team of Horgan, Rosen, Beckham & Coren, L.L.P., played an integral role in drafting and effectuating the definitive agreement memorializing the terms and conditions of the transaction. HRBC will continue to assist American Riviera Bank in completing the merger which, subject to shareholder and regulatory approvals, is anticipated to close in the later part of the fourth quarter of 2015.
About HORGAN, ROSEN, BECKHAM & COREN, L.L.P.
Horgan, Rosen, Beckham & Coren, L.L.P., specializes in the representation of community banks and their holding companies throughout the Western United States and has been ranked by SNL Financial as the #1 law firm on the West Coast for Financial Institutions Mergers and Acquisitions two years in a row and in the top 10 in branch purchase and assumption transactions. Horgan, Rosen, Beckham & Coren, L.L.P., continues to be recognized by SNL Financial as among the top corporate and banking law firms on the West Coast.