Central Valley Community Bancorp Completes Merger with Community West Bancshares; Combined Company Adopts Community West Name

CBC Bancorp Acquires Bay Community Bancorp

May 20, 2024

Financial Services

CBC Bancorp, the holding company for Commercial Bank of California, has completed its acquisition of Bay Community Bancorp, the parent of Community Bank of the Bay, creating a combined franchise with approximately $3.5 billion in assets. The transaction, an all-cash deal at $14.00 per share that transitions CBB to a privately held division of CBC, expands CBC's footprint in Northern California and increases scale for enhanced product offerings and community-focused lending.

West Coast Community Bancorp (Santa Cruz County Bank) Merges with 1st Capital Bancorp

October 1, 2024

Financial Services

West Coast Community Bancorp (parent of Santa Cruz County Bank) completed a merger with 1st Capital Bancorp (and 1st Capital Bank) effective October 1, 2024, and launched the combined bank brand, West Coast Community Bank, on April 1, 2025. The stock-for-stock transaction (1st Capital shareholders received 0.36 shares of Bancorp) expanded the combined franchise across California's Central Coast and Silicon Valley, creating a ~10-branch community bank with roughly $2.8 billion in total assets and increased lending capacity.

Banc of California and PacWest Bancorp to Combine in All-Stock Merger with $400M Investment from Warburg Pincus and Centerbridge

July 25, 2023

Financial Services

Banc of California and PacWest Bancorp have signed a definitive agreement to combine in an all‑stock merger under which PacWest will merge into Banc of California. Concurrent with closing, affiliates of Warburg Pincus and Centerbridge will invest $400 million of newly issued equity to support balance‑sheet repositioning and scale the combined California-focused business bank.

TriCo Bancshares Completes Merger with Valley Republic Bancorp

March 25, 2022

Financial Services

TriCo Bancshares (operating through its subsidiary Tri Counties Bank) completed its merger with Valley Republic Bancorp on March 25, 2022, combining Valley's approximately $1.4 billion of assets into TriCo to create a combined company with about $10.1 billion in total assets. Under the agreement, Valley shareholders received 0.95 shares of TriCo common stock per Valley share (with cash for fractional shares); Valley Republic Bank branches were converted to the Tri Counties Bank brand.

National Bank of Canada to Acquire Canadian Western Bank

June 11, 2024

Financial Services

National Bank of Canada entered into a definitive agreement to acquire all outstanding common shares of Canadian Western Bank in a share-exchange transaction valuing CWB at approximately $5.0 billion. The deal (exchange ratio 0.450 NB shares per CWB share) expands National Bank's footprint in Western Canada, is expected to close by the end of 2025 subject to shareholder and regulatory approvals, and is supported by an approximately $1.0 billion equity financing including a private placement to CDPQ.

Southern California Bancorp Acquires Bank of Santa Clarita

October 1, 2021

Financial Services

Southern California Bancorp completed the previously announced merger with Bank of Santa Clarita, combining the community bank into its wholly owned subsidiary Bank of Southern California, N.A. The deal expands Southern California Bancorp's commercial banking footprint into the Santa Clarita Valley and creates a combined bank with approximately $2.2 billion in pro forma assets.