M&A Transaction

SAN DIEGO, June. 01, 2020 – BUSINESS WIRE Southern California Bancorp (OTC Pink: BCAL), the holding company for Bank of Southern California, N.A., announced today the completion of its acquisition of CalWest Bancorp (OTCBB: CALW), effective with the close of business May 29, 2020. CalWest Bank reported total assets of $226 million as of March…

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SAN JOSE, Calif., April 09, 2018 – GLOBENEWSWIRE Heritage Commerce Corp (NASDAQ:HTBK) (“Heritage”) today announced that today it completed its previously announced merger of its wholly-owned bank subsidiary Heritage Bank of Commerce with Tri-Valley Bank (“Tri-Valley”) effective as of the close of business on April 6, 2018. The merger, which was first announced on December…

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EL CENTRO, Calif. – BUSINESSWIRE Community Valley Bank (“CVB”), a wholly owned subsidiary bank of CMUV Bancorp (OTC Pink: CMUV) (the “Company”), today announced the signing of a purchase and assumption agreement to acquire a branch location from Roseburg, Oregon based Umpqua Bank (“Umpqua”). The branch location in Borrego Springs, CA with approximately $35 million…

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LOS ANGELES – BUSINESSWIRE Nano Financial Holdings, Inc. (“Nano” or the “Company”) and Commerce Bank of Temecula Valley (“CKTM”) today announced the signing of a definitive agreement and plan of merger (the “Agreement”) whereby Nano will acquire all the outstanding shares of CKTM. Under the terms of the agreement, CKTM shareholders will have the right…

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IRVINE, Calif. & LOS ANGELES – BUSINESSWIRE First Foundation Inc. (NASDAQ: FFWM) (“First Foundation”), a financial services company with two wholly-owned operating subsidiaries, First Foundation Advisors and First Foundation Bank, and PBB Bancorp (OTCQX: PBCA) today announced the signing of a definitive merger agreement under which First Foundation will acquire PBB Bancorp. The transaction, which…

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SACRAMENTO, November. 7, 2017 – PR NEWSWIRE Suncrest Bank (OTCQX: SBKK) (“Suncrest”) today announced that it has completed its merger with CBBC (“Community Business Bank”). In addition, Suncrest Bank also announced that it has completed a private placement of $25.0 million of the bank’s common stock. Both the merger and the private placement were completed…

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SACRAMENTO, Calif., and VISALIA, Calif., Nov. 7, 2017 – PRNEWSWIRE Suncrest Bank (OTCQX: SBKK) (“Suncrest”) and CBBC Bancorp (OTCBB: CBBC) (“CBBC”), the parent company of Community Business Bank, today announced the signing of a definitive agreement and plan of merger (the “Agreement”) whereby CBBC will merge with and into Suncrest. The merger is subject to…

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WALNUT CREEK, Calif., Nov. 06, 2017 – GLOBEWIRE BayCom Corp (OTC:BCML) announced today the successful acquisition of Plaza Bank, Seattle, Washington by BayCom Corp and the merger of Plaza Bank with and into BayCom Corp’s wholly-owned subsidiary, United Business Bank, effective after close of business on Friday, November 3, 2017. The final price per share…

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VISALIA, Calif., and FRESNO, Calif., Sept. 2, 2016 – PR NEWSWIRE Suncrest Bank (OTCQX: SBKK) and Security First Bank  (OTCPink: SFRK) today announced that they have entered into a definitive agreement whereby Security First Bank will merge with and into Suncrest Bank in a cash and stock deal, valued at $18.1 million, based on a…

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