San Diego Private Bank has merged into Coronado First Bank, creating an institution with $300 million in total assets.

The bank is headquartered in Coronado and has an office in Newport; these will operate as two divisions called Coronado Private Bank and Newport Private Bank, while the whole bank is called San Diego Private Bank.

The firm’s SBA division, which provides loans for purposes such as real estate, business start-ups, acquisitions and partner buyouts, will operate under the name Private Business Capital. This division is based in San Marcos.

Selwyn Isakow is chairman of the board while Maria Kunac is president and chief executive of the bank. The directors are: David Ellman, David Engelman, Isakow, Leon Kassel, Kunac, David Moore, Ernest Rady, Steve Rippe and Jerry Suppa.

“Bringing these two banks together to form a larger and stronger organization focused on growth will provide banking clients with broader products and services at a time when the Southern California region is entering its next growth cycle,” Kunac said when the merger was originally announced.