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SOUTHERN CALIFORNIA BANK ACQUIRES AMERICAN COMMERCE NATIONAL BANK

 DOWNEY, Calif., May 3 /PRNewswire/ -- Southern California Bank has entered into an Insured Deposit Transfer Agreement with the Federal Deposit Insurance Corp. (FDIC), receiver of American Commerce National Bank.
 Larry D. Hartwig, president and chief executive officer and David A. McCoy, executive vice president of Southern California Bank announced today that the bank will open as a new branch of Southern California Bank and that all former customers of American Commerce National Bank are invited to call the Anaheim location to discuss the status of their deposits and loans. FDIC will have representatives on location to discuss all loans and to meet with those customers who may fall into the uninsured category because of the fact they had more than $100,000 on deposit with the former institution. Those American Commerce customers with accounts less than $100,000, can operate their accounts in a normal fashion but those with more than $100,000 will require special handling by an FDIC representative.
 Hartwig said that Southern California Bank will be sending a letter to every deposit customer within the next seven days regarding the status of their accounts and inviting them to continue as customers of Southern California Bank. "We are highly qualified to handle personal and small-business banking needs. We hope that American Commerce former customers will look favorably on becoming our customer," said Hartwig.
 Southern California Bank is a 29-year-old bank headquartered in Downey and had $472 million of assets at March 31, 1993. The bank now operates 18 branches in Southeast Los Angeles and Northern Orange Counties.
 -0- 5/3/93
 /CONTACT: David A. McCoy, executive VP and COO of Southern California Bank, 310-923-9811/


CO: Southern California Bank; American Commerce National Bank ST: California IN: FIN SU: TNM

MS-EH -- LA023 -- 3866 05/03/93 14:09 EDT
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Publication:PR Newswire
Date:May 3, 1993
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