November 23, 2010 (FinancialWire) (Go to http://www.financialwire.net/?s=ftrdnwswnd for all of today’s featured news.) — Bank of Southern California, N.A. (OTCBB: FBBN) and Palm Desert National Bank said they have received regulatory approval for Bank of Southern California to acquire two branch offices from Palm Desert National Bank.

The transaction is scheduled to close on December 3.

When the transaction is completed, Palm Desert National Bank will continue to operate its Palm Desert office.

The offices being acquired by Bank of Southern California are in Palm Springs and La Quinta, California.

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