First General Bank of Rowland said that its merger with Golden Security Bank of Rosemead has been completed.

The two banks announced the deal in late May. First General, the surviving bank, paid Golden Security shareholders $10 per share, for total of about $4.4 million.

First General, founded in 2005, has branches in Rowland, Arcadia, Rowland Heights, San Gabriel and Irvine. Golden Security Bancorp had one location for its Golden Security industrial bank founded in 1982.

“The merger brings together two great institutions,” said First General Chief Executive Cliff Hsu in a statement.

The combined institution would have about $480 million in assets and $414 million in deposits, based on its first quarter regulatory reports.