The Bank of Yorba Linda, which has nearly doubled its assets in the last year, is seeking state approval for its first branch office in the downtown area of growing Victorville.
With approval from the state Banking Department, the 5-year-old financial institution plans to construct its 5,000-square-foot branch and begin operations next spring, said Walter Hannen, the bank's president and chief executive officer.
"We looked at Victorville as one of the fastest-growing areas in the United States," he said. "According to one survey I saw, it was listed as the eighth-fastest-growing area in the country."
Hannen said the bank's directors and staff began discussing the possibility of a branch in Victorville last May. After analyzing the area and the type of business it would likely attract, the directors agreed to apply to the state for approval of a new branch there, he said.