Capital Corp of the West Announces Acquisition of Regency Investment Advisors, Inc.Business Editors Capital Corp of the West (Nasdaq:CCOW CCOW Clinical Context Object Workgroup CCOW Channel Control Order Wire CCOW Control Channel Order Wire CCOW Contributing to Coalition Operations Worldwide CCOW Computer Care on Wheels (Brantford, Ontario, Canada) ) today announced the completion of its purchase of SEC-registered investment advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and , Regency Investment Advisors, Inc., from California Bank & Trust, a subsidiary of Zions Bancorporation Zions Bancorporation (NASDAQ: ZION) is a member of the S&P 500, a bank holding company headquartered Salt Lake City, Utah. Its star subsidiary is NSB Public Finance. . Located in Fresno, Calif., Regency Investment Advisors provides fee-based money management and financial consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" to its clients. The company was founded in 1993 and has operated as a subsidiary of California Bank & Trust since 1999. The parties entered into a definitive agreement on April 26, calling for California Bank & Trust to sell the investment firm to Capital Corp of the West. The sale closed after receiving regulatory approval by the San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden Federal Reserve Bank on June 28. "Our acquisition of Regency Investment Advisors represents an important next step for our organization," said Tom Hawker, chief executive officer of Capital Corp of the West. "It allows us to integrate more fully into the city of Fresno, where we already have two full service branches and a Corporate Banking Group; it now allows us to provide a greater range of services to our customers in all the counties we serve with products and services that have not been available locally in the past; and, it provides us with an additional source of non-interest income that allows us to achieve a better balanced revenue mix. We are very pleased to welcome Regency Investment Advisors into the Capital Corp of the West family," Hawker concluded. "We thank California Bank & Trust for helping to fuel our success over the past few years," said Dan Ray, president of Regency Investment Advisors. "And we are pleased to join Capital Corp of the West, which is a great company with a philosophy and commitment to customer service that are consistent with our own. We look forward to continuing our tradition of serving customers with the personalized per·son·al·ize tr.v. per·son·al·ized, per·son·al·iz·ing, per·son·al·iz·es 1. To take (a general remark or characterization) in a personal manner. 2. To attribute human or personal qualities to; personify. services they expect and deserve." Capital Corp of the West is a bank holding company based in Merced, Calif. Its primary subsidiary is County Bank, with $950 million in assets and 18 branches spread from Stockton to Fresno. RIA (Rich Internet Application) A Web-based application that approaches the speed and elegance of a local application. An RIA may refer to a browser-based application that uses AJAX or another enhanced coding technique. will continue to operate from its current office in Fresno as a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of CCOW. California Bank & Trust, a subsidiary of Zions Bancorporation (Nasdaq:ZION), is among the largest commercial banks in the State of California with over $8 billion in assets and more than 90 branch offices. With local management and decision-making and an emphasis on relationship banking, CB&T provides a variety of products, resources and financing solutions for businesses and individuals, including wealth management, Internet banking, commercial and small business lending, cash management and international banking. Visit CB&T's Web site at www.calbanktrust.com. Capital Corp of the West (Nasdaq:CCOW) and on the web at www.ccow.com, a bank holding company established in 1995, is the parent company of County Bank celebrating 25 years of service as "Central California's Community Bank." County Bank has eighteen offices serving Central Valley communities from Stockton to Fresno. County Bank provides a full range of banking products, including a strong suite of electronic banking products, all delivered with a personal touch. See the Bank's new ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. at www.cbcruiser.com. |
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