Encino-based Independence Bank has signed a preliminary...
Encino-based Independence Bank has signed a preliminary agreement to buy CommerceBank in Newport Beach for more than $16 million. Independence, a 15-branch bank with assets of $400 million, would be the surviving entity. CommerceBank, with $210 million in assets, has three branches.
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
