DMG Bancshares completed the acquisition of Liberty Bancorp for $34m.

DMG Bancshares, a full-service commercial bank supporting businesses and entrepreneurs with an expertise in commercial real estate, completed the acquisition of Liberty Bancorp, a full-service commercial bank headquartered in San Mateo County, for $34m. "We are very excited to join DMG and believe this combination will deliver significant value to our shareholders and great opportunities for our clients and employees. We believe this is a natural fit which increases lending capabilities, expands capital resources and provides a more expansive product offering to the San Francisco Peninsula business community," Bruce Farrell, Liberty President and CEO.