California Bank & Trust to acquire four branch locations in Palm Desert and Indio from FirstBank.

California Bank & Trust, a division of Zions Bancorporation, agreed to acquire four branch locations in Palm Desert and Indio from FirstBank, a bank and financial services company. Financial terms were not disclosed. "This transaction provides us a team of accomplished banking professionals, four attractive and well-located branches, a sizable customer base and a great deposit franchise. We are excited to welcome our new colleagues and customers to California Bank & Trust and to further build upon our strong relationships in Coachella Valley," Eric Ellingsen, CB&T President and CEO.