The bank will operate as Genesis in Beverly Hills as well as in Temecula for their IE headquarters
Orange County-based Genesis Bank has announced that it has received all necessary regulatory approvals, as well as approvals from the shareholders of Excel Bank (a trade name of EH National Bank), to complete its previously announced agreement to acquire Excel.
“Over these past couple of months, we have been able to gain a deeper understanding of Excel’s market presence, client base, team talent, products and services, and we are enthusiastic about this ‘in-market’ acquisition,” said Stephen H. Gordon, chairman and chief executive officer of Genesis Bank.
“We plan to leverage Excel’s prime banking office located in Beverly Hills in the Rolex building at 9420 Wilshire Blvd. at Canon Dr. as Genesis Bank’s Los Angeles headquarters and in Temecula at 27720 Jefferson Ave. along the 15/215 Freeway corridor as the Bank’s Inland Empire headquarters. We have already strategized around the numerous opportunities to do more business with existing and prospective clients of Genesis Bank and Excel Bank, utilizing our leading technology platform and comprehensive depository and treasury cash management products, services and solutions.”
“We are excited to hit the ground running once we officially close this acquisition, while making an even greater impact on the communities we serve across Southern California. Accordingly, we greatly look forward to welcoming Excel Bank’s clients to Genesis Bank and our expanded team and market presence,” added Gordon.
“We are pleased to have received all necessary regulatory and shareholder approvals, thereby enabling Genesis Bank to move forward to complete and close the acquisition of Excel Bank in mid-June 2025,” he said. “Additionally, we are targeted to seamlessly complete the systems integration of Excel’s core banking platform shortly following the completion of the acquisition, which will enable Excel clients to then immediately access and utilize Genesis Bank’s suite of sophisticated commercial banking products, services and solutions, all supported by talented bankers and delivered through a technology platform that is on par with larger money-center banks.”
Genesis Bank focuses on serving the financial needs of small- to mid-sized businesses and owners and investors in income-producing multifamily and commercial real estate located in the bank’s target markets of Los Angeles, Orange, Riverside and San Bernardino counties. The bank’s products, services and solutions primarily include traditional commercial business, Small Business Administration (SBA), income property and owner-occupied commercial real estate loan and deposit products, as well as treasury management, escrow and Section 1031 exchange services and solutions.
Founded in 2005, Excel Bank is known for serving small businesses and their owners, multifamily and commercial real estate investors, owners and their operations, as well as property management companies and homeowners associations across Southern California.
At press time, the transaction was expected to close imminently and is subject to Excel Bank receiving approvals from regulators and shareholders as well as satisfying customary closing conditions. Genesis Bank was advised in this transaction by its legal counsel, Holland & Knight LLP. Excel Bank was advised in this transaction by its legal counsel, Richard E. Knecht, attorney at law.
-Paul Williams
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