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By Staff Report / Monday, August 1st, 2011 / Latest news / Comments Off on Scanlon Guerra Burke, Northridge Insurance combine forces
Scanlon Guerra Burke of Woodland Hills and Ventura-based Northridge Insurance Agency will combine their operations, creating one of the largest independent insurance brokerages in the region.
Encino-based California United Bank completed its $17.2 million acquisition of Thousand Oaks-based California Oaks State Bank on Dec. 31. Cal Oaks shareholders will receive compensation of $11.35 per share, half in cash and half in shares of California United common stock, the banks announced Jan. 3.
Thousand Oaks-based California Oaks State Bank and Encinco-based California United Bank said Nov. 24 that they’ve received the green light from federal banking regulators to complete their proposed acquisition deal.