TriCo Bancshares Completes Merger with Valley Republic Bancorp

March 25, 2022

TriCo Bancshares (operating through its subsidiary Tri Counties Bank) completed its merger with Valley Republic Bancorp on March 25, 2022, combining Valley's approximately $1.4 billion of assets into TriCo to create a combined company with about $10.1 billion in total assets. Under the agreement, Valley shareholders received 0.95 shares of TriCo common stock per Valley share (with cash for fractional shares); Valley Republic Bank branches were converted to the Tri Counties Bank brand.

Buyers
TriCo Bancshares, Tri Counties Bank
Targets
Valley Republic Bancorp
Location
California, United States
Transaction Type
Buyout

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