Genesis Bank to acquire Excel Bank.

Genesis Bank, a California state chartered commercial bank, agreed to acquire Excel Bank, a tradename of EH National Bank. Financial terms were not disclosed. “We’re excited to announce we’ve entered into an agreement to acquire Excel Bank. We look forward to welcoming and supporting Excel Bank’s clients and to working with the Excel team on a smooth and seamless integration process. Genesis Bank was founded and built for scale, both organic and acquisitive, with a leading technology platform on par with money-center bank capabilities, and veteran leadership and banking expertise. With our team’s multi-decades-long track record of acquiring numerous banks and non-bank financial institutions, we anticipate this ‘in-market’ acquisition will provide the opportunity to expand our reach into the clients and communities we serve, including small to mid-sized businesses, entrepreneurs, and multifamily and commercial real estate investors, owners, and their operations,” Stephen H. Gordon, Genesis Bank Chairman and CEO.