Access Anytime Bancorp (NASDAQ:AABC)
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AccessBank Announces Agreement to Acquire the Matrix Capital Bank
Branch in Sun City, Arizona
DENVER, July 12 /PRNewswire/ -- Access Anytime BanCorp, Inc.'s (NASDAQ:AABC)
wholly owned subsidiary AccessBank and Matrix Bancorp, Inc.'s (NASDAQ:MTXC)
wholly-owned subsidiary Matrix Capital Bank today announced that AccessBank has
reached a definitive agreement to acquire the Sun City branch from Matrix
Capital Bank in Sun City, Arizona.
The acquisition is subject to regulatory approval and other customary
conditions, and is expected to be completed in about 90 days. Terms of the
cash transaction were not disclosed. Deposits of the Sun City branch to be
acquired totaled about $105 million and nominal loan balances that would be
transferred.
The new branch will operate under the name of AccessBank. Albuquerque- based
Access Anytime BanCorp, Inc. stock trades on the NASDAQ SmallCap tier under the
symbol AABC and Denver-based Matrix Bancorp, Inc. trades on the NASDAQ National
Market under the symbol MTXC.
Statements contained in this news release that are forward-looking are subject
to various risks and uncertainties. Such forward-looking statements are made
pursuant to the "safe-harbor" provisions of Private Securities Litigation
Reform Act of 1995 and are made based on management's current expectations or
beliefs as well as assumptions made by, and information currently available to,
management. A variety of factors including changes in economic conditions in
either Company's market area, changes in policies or adverse decisions by
regulatory agencies, fluctuations in interest rates, demand for loans in either
Company's market area and competition could cause actual results to differ
materially from those anticipated in this press release. Further discussion
regarding the factors affecting Access Anytime BanCorp, Inc. is contained in
its Form 10-KSB and Form 10-QSBs.
DATASOURCE: Matrix Capital Bank
CONTACT: N.R. Corzine, Chairman/CEO of Access Anytime BanCorp, Inc.,
+1-505-299-0900; or Don Padgett, President/CEO of AcessBank, +1-505-343-9310;
or David W. Kloos, Chief Financial Officer of Matrix Bancorp, Inc.,
+1-303-595-9898; or D. Mark Spencer, President of Matrix Capital Bank,
+1-720-956-6500