Americas United Bank Agrees to Acquire Silvergate Bank's Lancaster Office and Deposits

Americas United Bank Agrees to Acquire Silvergate Bank's Lancaster Office and

PR Newswire

LA JOLLA, Calif. and GLENDALE, Calif., Dec. 30, 2013

LA JOLLA, Calif. and GLENDALE, Calif., Dec. 30, 2013 /PRNewswire/ -- Americas
United Bank (OTCQB: AUNB) and Silvergate Bank, a wholly-owned subsidiary of
Silvergate Capital Corporation, jointly announced today that they have entered
into a purchase and assumption agreement for Americas United Bank to acquire
the deposits and branch facility of Silvergate Bank's full service branch
office in Lancaster, California. Under the terms of the agreement, Americas
United Bank will assume substantially all of the deposits and purchase certain
assets associated with the Lancaster Regional Office. As of November 30, 2013,
deposits at this branch totaled approximately $45.7 million; no loans are
included in this transaction. Americas United Bank will pay a deposit premium
of approximately 0.50% in this transaction.

According to Alan J. Lane, President and Chief Executive Officer of Silvergate
Bank, "It was a difficult decision to proceed with the sale of the deposits of
the Lancaster Regional Office, as we have enjoyed wonderful relationships with
our customers in the region. The transaction will allow us to redirect our
full focus to our core geography in the greater San Diego area. We are
confident we have found an institution that mirrors our customer service
philosophy and are excited to introduce our depositors to Americas United

Adriana M. Boeka, President and Chief Executive Officer of Americas United
Bank, stated, "We are very pleased to announce our entry into the Lancaster
market, and we look forward to welcoming the employees and depositors of the
Lancaster Regional Office to the Americas United Bank family. At Americas
United Bank, our vision is to provide a full-range of business and personal
banking services to small-to-medium-sized businesses, professionals and
entrepreneurs. We are excited to serve the greater Lancaster area, as we
believe it is a natural complement to our other full service regional branches
in Glendale and Downey, California."

The transaction is expected to be completed in late Q1 2014 or early Q2 2014
subject to regulatory approval and other customary closing conditions.

Western Financial Corporation served as financial advisor and McKenna Long &
Aldridge LLP served as legal advisor for Silvergate Bank. FinPro Capital
Advisors Inc. served as financial advisor and King, Holmes, Paterno &
Berliner, LLP served as legal advisor for Americas United Bank.

About Silvergate Bank
Silvergate Bank is a San Diego-based bank that specializes in meeting the
needs of small businesses through a comprehensive offering of lending products
and personalized banking services. Silvergate Bank opened in 1988 and is a
subsidiary of Silvergate Capital Corporation. Bank branches are located in
Carlsbad, Escondido, La Jolla, La Mesa, and Lancaster. Silvergate Bank's
headquarters office is located at 4275 Executive Square, Suite 800, La Jolla,
CA 92037. The Bank's website is

About Americas United Bank:
Americas United Bank (AUB) was formed as a commercial bank with a focused
niche in the Hispanic marketplace. It was founded by a group of respected and
successful business leaders primarily from the Hispanic community and was the
second such formed bank in over thirty years. AUB operates as a full-service
commercial bank that provides business and personal banking products and
services. For more information on the Bank, please visit our website at

Forward Looking Statements: The numbers in this press release are unaudited.
Statements such as those regarding the anticipated development of the banks'
business, and the intent, belief or current expectations of the banks, their
directors, or their officers, are "forward looking" statements (as such term
is defined in the Private Securities Litigation Reform Act of 1995). Because
such statements are subject to risks and uncertainties, actual results may
differ materially from those expressed or implied by such forward looking
statements. These risks and uncertainties include, but are not limited to,
risks related to the local and national economy, the banks' performance,
including their ability to generate loan and deposit growth, changes in
interest rates, and regulatory matters.


Silvergate Bank
Alan J. Lane, President and Chief Executive Officer

Americas United Bank
Adriana M. Boeka, President and Chief Executive Officer

SOURCE Silvergate Bank

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