PCB Financial Acquires Northern California Bancorp and Monterey County Bank

Banc of California Acquires Pacific Mercantile Bancorp

March 22, 2021

Financial Services

Banc of California, Inc. (NYSE: BANC) agreed to acquire Pacific Mercantile Bancorp (NASDAQ: PMBC) in an all-stock transaction announced March 22, 2021 and completed on October 18, 2021. The deal was valued at approximately $235 million at announcement (consideration reported at about $226 million at close) and expands Banc of California's Southern California business-banking franchise by adding roughly $1.5 billion in assets, ~$1.3 billion in deposits and ~$980 million in gross loans.

Brookline Bancorp Acquires PCSB Financial Corporation

January 1, 2023

Financial Services

Brookline Bancorp, Inc. completed its acquisition of PCSB Financial Corporation effective January 1, 2023, following receipt of required regulatory approvals. The deal adds PCSB Bank's 15 branches in the Lower Hudson Valley to Brookline's footprint and expands Brookline's retail and commercial banking presence in New York.

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.

Columbia Banking System Acquires Pacific Premier Bancorp

September 2, 2025

Financial Services

Columbia Banking System completed its previously announced acquisition of Pacific Premier Bancorp, bringing Pacific Premier into the Columbia Bank family and rebranding the combined operations under the Columbia name. The deal significantly expands Columbia's presence across Southern California and the broader western U.S., increasing Columbia's assets to approximately $70 billion and creating a combined network of more than 350 locations.

BayCom Corp Acquires Pacific Enterprise Bancorp

February 1, 2022

Financial Services

BayCom Corp (NASDAQ: BCML) completed its acquisition of Pacific Enterprise Bancorp, merging Pacific Enterprise Bank into United Business Bank effective February 1, 2022. Under the terms, Pacific Enterprise Bancorp shareholders received 1.0292 shares of BayCom common stock per PEB share; the deal expands BayCom's presence in Orange County and strengthens its SBA and government-guaranteed lending capabilities.

First Financial Bancorp Acquires BankFinancial Corporation

January 1, 2026

Financial Services

First Financial Bancorp completed its all-stock acquisition of Chicago-based BankFinancial Corporation, adding 18 retail financial centers and expanding First Financial’s presence in the Chicago market. The acquisition brings BankFinancial’s commercial lending, equipment finance and deposit franchise onto First Financial’s platform and increases the combined company’s assets to approximately $22 billion.