CBC Bancorp Acquires Bay Community Bancorp in $14.00-Per-Share All-Cash Merger
May 20, 2024
CBC Bancorp, the holding company for Commercial Bank of California, agreed to acquire Bay Community Bancorp, the holding company for Community Bank of the Bay, in an all-cash transaction valued at $14.00 per common share. The deal is designed to combine the institutions’ California footprints and product offerings, transitioning Community Bank of the Bay into a privately held division of CBC.
- Buyers
- CBC Bancorp
- Targets
- Bay Community Bancorp
- Industry
- Financial Services
- Location
- California, United States
- Transaction Type
- Buyout
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