BayCom Corp Acquires Pacific Enterprise Bancorp

Banner Corporation Acquires Pacific Financial Corporation in All-Stock Merger

April 30, 2026

Financial Services

Banner Corporation (NASDAQ: BANR) entered into a definitive all-stock merger agreement to acquire Pacific Financial Corporation (OTCQX: PFLC) in a transaction valued at approximately $177 million. The deal would expand Banner’s presence and density in Western Washington and Western Oregon and is expected to be accretive to 2027 earnings per share.

Columbia Banking System to Acquire Pacific Premier Bancorp

September 2, 2025

Financial Services

Columbia Banking System, Inc. (Columbia) entered into a definitive all-stock merger agreement to acquire Pacific Premier Bancorp, Inc. Columbia will receive Pacific Premier in a stock-for-stock exchange (0.9150 Columbia shares for each Pacific Premier share). The transaction received required regulatory approvals and was later reported as closed as of August 31, 2025.

PCB Financial Acquires Northern California Bancorp and Monterey County Bank

September 5, 2024

Financial Services

PCB Financial, Inc. has completed a merger to acquire Northern California Bancorp, Inc. and its wholly owned subsidiary Monterey County Bank; the bank will become a privately held subsidiary of PCB. The transaction is intended to infuse capital and expand lending and treasury products to better serve local small and medium-sized businesses in Monterey County.

CBC Bancorp Acquires Bay Community Bancorp in All-Cash Transaction

May 20, 2024

Financial Services

CBC Bancorp (holding company for Commercial Bank of California) will acquire Bay Community Bancorp (holding company for Community Bank of the Bay) in an all-cash transaction valued at $14.00 per share. Shareholders approved the deal, and the acquisition was later completed, with Community Bank of the Bay becoming a division of CBC.

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.

Banc of California to Acquire Pacific Mercantile Bancorp

March 22, 2021

Financial Services

Banc of California, Inc. agreed to acquire Pacific Mercantile Bancorp in an all-stock merger valued at approximately $235 million. Pacific Mercantile’s shareholders are expected to receive 0.5 shares of Banc of California common stock per share, with the deal slated to close in the third quarter of 2021 subject to regulatory and shareholder approvals.