Santa Cruz County Bank completed its $69m merger with Lighthouse Bank.

Santa Cruz County Bank, a locally owned and operated full-service community bank headquartered in Santa Cruz, California, completed its $69m merger with Lighthouse Bank, a bank with offices in Santa Cruz and Silicon Valley. "We are excited to welcome Lighthouse Bank to our company. This merger creates tremendous opportunity for shareholders, employees and customers of both banks, all of whom stand to benefit greatly. The merger offers all shareholders both immediate value and the opportunity to participate in potential upside as the bank generates momentous growth from its market-focused community banking strategy. Planning for the integration of these two banks is in progress and we expect to expeditiously realize the full value of the cost synergies we have identified," William Hansen, Chairman of Santa Cruz County Bank.