California Bank & Trust Acquires FirstBank's Coachella Valley Branches
March 24, 2025
California Bank & Trust (a division of Zions Bancorporation) has completed the acquisition of FirstBank’s California banking operations, converting four FirstBank branches in the Coachella Valley (Palm Desert and Indio) to CB&T locations. The deal expands CB&T’s local footprint and brings FirstBank clients and employees into CB&T’s network as part of its broader commitment to the region.
- Buyers
- California Bank & Trust, Zions Bancorporation
- Targets
- FirstBank's California banking operations
- Sellers
- FirstBank
- Industry
- Financial Services
- Location
- California, United States
- Transaction Type
- Divestiture
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