Los Angeles-based Mellon 1st Business Bank plans to open a second local branch in Anaheim or Orange by early 2006, said Christopher D. Myers, chairman and chief executive, on Thursday.
The business bank has one Orange County branch in Newport Beach. That branch has $320 million in assets.
Mellon 1st also has branches in Century City, Encino, Ontario, Torrance and downtown Los Angeles, where half of the bank’s $3 billion in total assets are held.
Myers wants to build Mellon 1st to $4 billion in assets by 2007, Myers said.
The bank is expected to announce several personnel moves next week.
F. David Hare is set to be named vice chairman with Jeffrey McGraa chief credit officer. Maureen D. Finn has been promoted to senior vice president and regional manager of Mellon 1st in OC.
