First Chatsworth to merge with Heritage First.

First Chatsworth, a bank holding company, agreed to merge with Heritage First, a bank holding company. Financial terms were not disclosed. The transaction is expected to close in the third quarter of 2021. “We also look forward to delivering significant long-term value for our combined shareholders as a result of this transaction. This strategic business combination represents a significant milestone in our institution’s strategic planning initiatives and we are excited for the long-term value and opportunity this transaction creates for our shareholders,” Ken Davis, Heritage First Chairman.