American Plus Bank Completes Strategic Acquisition of International City Bank’s Long Beach Branch, Deepening Community Commitment and Expanding Regional Presence
American Plus Bank, a growing force in Southern California’s financial landscape, has officially announced the successful acquisition of the Long Beach branch of United Fidelity Bank, fsb, which operated under the name International City Bank. This acquisition marks a pivotal moment for American Plus Bank as it continues its strategic growth trajectory, broadening its market reach and reinforcing its dedication to serving both personal and business customers in the greater Long Beach area.
The acquisition, which includes the assumption of approximately $74 million in loans and $117 million in customer deposits, is a testament to American Plus Bank’s focused efforts to build a stronger, more resilient community banking institution. With this transaction, American Plus Bank not only increases the scale and diversity of its asset base but also gains access to a customer demographic that complements its current portfolio, ensuring continued growth and sustainability.
A Milestone for American Plus Bank’s Expansion Strategy
John Nerland, President and Chief Executive Officer of American Plus Bank, emphasized the importance of this transaction for the bank’s overall vision and long-term objectives. “We are pleased to welcome the customers and employees of International City Bank into the American Plus Bank family,” Nerland said. “This acquisition strengthens our position in the Long Beach market and allows us to better serve the diverse needs of local residents and businesses. It underscores our commitment to building lasting relationships rooted in trust, accessibility, and innovation.”
Nerland further noted that this move aligns with American Plus Bank’s broader goal of expanding its presence across Southern California. Over the past few years, the bank has been investing heavily in technology, infrastructure, and talent acquisition to create a scalable banking model that caters to today’s dynamic economic and regulatory environments.
Enhancing the Customer Experience in Long Beach
Following the acquisition, the Long Beach branch will now operate under the American Plus Bank name. Importantly, the branch will retain the same team of banking professionals who previously served International City Bank customers. This continuity ensures that customers will experience a seamless transition, maintaining the trust and familiarity they’ve come to expect, while also gaining access to an expanded suite of banking solutions and digital tools.
Customers from International City Bank can now benefit from American Plus Bank’s modern financial services ecosystem, which includes mobile and online banking, personalized lending solutions, small business services, and community-focused financial education programs. The bank is also known for its customer-first approach, offering flexible support channels and financial advisors who specialize in tailored guidance for individuals, entrepreneurs, and small businesses.
Deepening Community Engagement and Economic Investment
With roots deeply embedded in the Southern California community, American Plus Bank has long prioritized local engagement as a cornerstone of its operations. The addition of the Long Beach branch opens up new opportunities for the bank to invest in community development projects, support small businesses, and enhance access to financial literacy programs.
“As part of our commitment to the Long Beach community, we plan to invest in local initiatives and engage in community outreach efforts that foster economic growth and development,” Nerland added. These efforts may include partnering with nonprofit organizations, sponsoring community events, and offering financial workshops designed to empower underserved populations with tools for financial independence and success.
A Transaction Executed with Precision and Strategic Insight
The completion of this acquisition followed all necessary regulatory approvals and met the compliance benchmarks set forth by relevant banking authorities. It reflects not only sound financial decision-making, but also a high level of operational execution.
MJC Partners, LLC, acted as financial advisor to American Plus Bank throughout the transaction, ensuring thorough due diligence and deal structuring. Legal counsel was provided by Loren P. Hansen, Esq., of Loren P. Hansen, APC, based in Newport Beach, California.
United Fidelity Bank, fsb, received financial advisory services from Piper Sandler, a nationally recognized investment bank, while legal guidance was offered by John Tanselle, Esq., of Amundsen Davis, located in Indianapolis, Indiana. The collaboration between these expert teams facilitated a smooth and timely closure of the acquisition.
Regulatory and Legal Framework
The transaction was structured in full compliance with the banking regulations mandated by federal and state authorities. As such, the acquisition underwent a comprehensive review process, including financial audits and community impact assessments. The seamless transition is also attributed to American Plus Bank’s proactive approach to risk management and its robust internal controls, which enabled it to navigate the complexities of a multi-faceted acquisition.
Strategic Vision Moving Forward
Looking ahead, the acquisition of the Long Beach branch sets the stage for further regional growth. American Plus Bank has hinted at the possibility of additional acquisitions and partnerships that align with its mission of delivering high-quality, community-based banking services across California.
Industry analysts have noted that community banks like American Plus Bank are increasingly well-positioned to thrive in an evolving financial landscape, where personalization, digital innovation, and local engagement are more valuable than ever. The bank’s demonstrated ability to integrate new branches and serve a broader client base will likely be a key differentiator in the years to come.
