Content area
Full Text
Ogden, Utah-based BOU Bancorp Inc., the holding company of Bank of Utah, is acquiring Provo, Utah-based AmBancorp, the holding company of American Bank of Commerce.
The terms of the deal were not disclosed.
Upon the completion of the transaction, three locations of American Bank of Commerce in Lindon, Provo and Heber City in Utah, with over $75 million in deposits, will carry the Bank of Utah name.
The deal is expected to...