FOR IMMEDIATE RELEASE
CEO, President & CFO
Security First Bank
Fresno, California –June 6, 2016. Security First Bank and SunPac Financial today announced their agreement to terminate their merger agreement.
The expense reimbursement contingency for the parties' most recent amendment of the merger agreement was not satisfied.
Security First Bank will continue conducting business as an independent community bank, serving its Fresno market as it has since the bank was founded in 2007. Bank CEO Steve Jones spoke to employees on June 6 about the decision to terminate the merger agreement, reaffirming Security First Bank's commitment to its customers, its employees, and its community, a commitment to providing superior banking products and services at competitive rates while maintaining personal banking relationships. The board, management, and employees of Security First Bank look forward to working with customers and continuing to serve as Fresno's premier community bank. Additional information can be found at www.securityfirstfresno.com.