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
Location
California, United States
Transaction Type
Buyout

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