The Lloyds-Golden State merger was completed.

The $263-million acquisition of Lloyds Bank of California by Golden State Sanwa Bank was completed last week. The new Sanwa Bank California is scheduled to open today. Golden State Sanwa is a subsidiary of the Sanwa Bank Ltd. of Japan, and Lloyds Bank of California was operated by Lloyds Bank PLC of London. The combined bank will be the seventh largest in the state with assets of about $4.5 billion, deposits of $3.7 billion and loans of $3.3 billion. The combined bank will have 116 branches, including Lloyds’ 88 former branches and 28 offices of Golden State Sanwa.