San Francisco Federal Credit Union to Acquire Summit Bank Branches in East Bay, California
July 22, 2025
San Francisco Federal Credit Union (San Francisco & Oakland, Calif.) entered into a definitive agreement to purchase substantially all the assets and liabilities of Summit Bank in an all-cash transaction. The deal covers Summit Bank’s three East Bay branches in Oakland, Emeryville, and Walnut Creek, and is anticipated to close in the first quarter of 2026, subject to regulatory and shareholder approvals.
- Buyers
- San Francisco Federal Credit Union
- Targets
- Summit Bank (three branches in Oakland, Emeryville, and Walnut Creek)
- Sellers
- Summit Bank shareholders (implied by references to rewarding loyal shareholders)
- Industry
- Financial Services
- Location
- California, United States
- Transaction Type
- Buyout
Explore More
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.