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-Redding Bank of Commerce to acquire L&L Payroll service.

Global Banking News-August 31, 2011--Redding Bank of Commerce to acquire L&L Payroll service(C)2011 ENPublishing - http://www.enpublishing.co.uk

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 gbn@enpublishing.co.uk]

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Publication:Global Banking News (GBN)
Date:Aug 31, 2011
Words:175
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