BayCom Corp Acquires Pacific Enterprise Bancorp
February 1, 2022
BayCom Corp (NASDAQ: BCML) completed its acquisition of Pacific Enterprise Bancorp, merging Pacific Enterprise Bank into United Business Bank effective February 1, 2022. Under the terms, Pacific Enterprise Bancorp shareholders received 1.0292 shares of BayCom common stock per PEB share; the deal expands BayCom's presence in Orange County and strengthens its SBA and government-guaranteed lending capabilities.
- Buyers
- BayCom Corp
- Targets
- Pacific Enterprise Bancorp
- Sellers
- Pacific Enterprise Bancorp shareholders
- Industry
- Financial Services
- Location
- California, United States
- Transaction Type
- Buyout
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