-Redding Bank of Commerce to acquire L&L Payroll service.
Global Banking News - 31 August 2011
Bank of Commerce Holdings (NASDAQ: BOCH), an USD868.5m Redding, California-based parent company of Redding Bank of Commerce, Roseville Bank of Commerce, and Bank of Commerce Mortgage, has said that it has acquired L&L Payroll Service.
Terms of the transaction have not been disclosed. Redding, California-based L&L Payroll Service offers complete payroll, labour cost management with direct deposit and online access to local small businesses with 1 to 300 employees. Redding Bank of Commerce also offers a full payroll solution for small businesses, and the merger will bring the total number of payrolls processed to 259.
Lori Yarnell, the owner of L&L Payroll with over 13 years of payroll and benefit administration experience, will join the payroll team of Redding Bank of Commerce.
[Editorial queries for this story should be sent to email@example.com]
((Distributed via M2 Communications - http://www.m2.com))
|Printer friendly Cite/link Email Feedback|
|Publication:||Global Banking News (GBN)|
|Date:||Aug 31, 2011|
|Previous Article:||-Bank of Cyprus reports results, registers EUR281m in impairment charge.|
|Next Article:||-New Hampshire Thrift Bancshares to participate in SBLF.|