1st Bank Yuma is of the same opinion to buy branch in Nogales

  The bank at the nook of Grand and Western avenues in Nogales is poised to get its fourth call in five years. On Tuesday, 1st Bank Yuma introduced that it had agreed to buy the First Fidelity Bank department facility for approximately $700,000 plus the acquisition charge of the device. The transaction consists of the switch of approximately $14 million in deposits at the side of the sale of about $19 million in loans. The branch sale is expected to shut for the duration of the second region of 2015, the announcement said. 1st Bank Yuma opened a mortgage production office in Nogales about years in the past with the purpose of subsequently supplying full-carrier banking right here, stated president and CEO Terry W. Frydenlund. “The buy of this department from First Fidelity Bank will enable 1st Bank Yuma to further increase our footprint in the Nogales market and higher serve the network,” Frydenlund stated. The department is located in a 25,000 square-foot, $40-million constructing...