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December 3, 2009

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Credit card operation bought

Tuesday, March 4, 2003 | 11:15 a.m.

First National Bank Holding Co. has agreed to buy Humboldt Bancorp's credit card processing center for $32 million.

Las Vegas-based First National, parent company of First National Bank of Nevada and First National Bank of Arizona, said the purchase of the Eureka, Calif., operation should close within days. The processing center will operate as Humboldt Merchant Services LP and remain in California, said Pat Lamb, general counsel for First National.

The processing center has 80 employees. The new operation will improve service for customers of the two banks and market its services nationwide, Lamb said.

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