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News Now

CU System
Pacific Marine CU acquires bank branch
OCEANSIDE, Calif. (4/12/11)--Pacific Marine CU in Oceanside, Calif., said last week it acquired a Temecula, Calif., branch of Provident Financial Holdings Inc. of Riverside, Calif. “Provident was looking to move out of that location [in Temecula] and lease a smaller location, because they mostly do just mortgage-related business,” Brad Smith, Pacific Marine vice president of strategic development, told News Now. “So we purchased that building and land.” Pacific Marine is currently leasing a building in Temecula and will move into the building it just purchased from Provident--probably by July, Smith said. The $588 million-asset Pacific Marine CU spent roughly $2.33 million for the Provident branch in Temecula, Smith said.


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