CBC Bancorp Acquires Bay Community Bancorp in All-Cash Transaction
May 20, 2024
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.
- Buyers
- CBC Bancorp
- Targets
- Bay Community Bancorp
- Industry
- Financial Services
- Location
- California, United States
- Transaction Type
- Buyout
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