Announced
Synopsis
Central Valley Community Bank, a community bank, agreed to merge with Community West Bank, a financial services company, in a $99m deal. “Central Valley Community Bank has steadily and profitably grown for over 43 years, building a highly attractive franchise in California’s San Joaquin Valley and Greater Sacramento region. The complementary culture, client service model and Central Coast presence of Community West Bank further the opportunity for company growth in well-recognized Central California communities, creating a combined franchise whose strength and size continue to serve clients and communities with integrity, offering enhanced professional employee development opportunities and greater earnings power for shareholders,” James J. Kim, Central Valley Community Bank President and CEO.
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