Community West Bancshares to Acquire United Security Bancshares in All-Stock Merger

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

April 1, 2024

Financial Services

Central Valley Community Bancorp (parent of Central Valley Community Bank) completed an all-stock merger with Community West Bancshares (parent of Community West Bank), effective April 1, 2024. The combined company assumes the Community West Bancshares name and NASDAQ ticker CWBC, creating a regional bank with approximately $3.5 billion in assets and an expanded branch footprint across Central California.

FNB Corporation to Acquire UB Bancorp (Union Bank) in All-Stock Merger

July 21, 2022

Financial Services

UB Bancorp, parent of Union Bank, announced that it has signed a definitive merger agreement under which FNB Corporation will acquire UB Bancorp in an all-stock transaction. The deal is contemplated to close during the fourth quarter of 2022, subject to regulatory approval and UB Bancorp and FNB shareholder approvals.

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.

United Bankshares Acquires Community Bankers Trust Corporation (Essex Bank)

December 3, 2021

Financial Services

United Bankshares, Inc. completed its acquisition of Community Bankers Trust Corporation, the parent company of Essex Bank, adding an organization with approximately $1.7 billion in assets and headquarters in the greater Richmond, Virginia region. The deal expands United’s Mid‑Atlantic footprint into additional Virginia and Maryland markets; former Community Bankers Trust President and CEO Rex L. Smith III was retained as a Regional President for the former Essex Bank locations.

West Coast Community Bancorp Merges With 1st Capital Bancorp to Form West Coast Community Bank

October 1, 2024

Financial Services

West Coast Community Bancorp (parent of Santa Cruz County Bank) completed its previously announced merger with 1st Capital Bancorp (parent of 1st Capital Bank). The combined institutions plan to rebrand all branches as West Coast Community Bank, with systems conversion expected after closing.

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.