Commercial Bank of California, a full-service bank and diversified financial services company, agreed to acquire Community Bank of the Bay, a commercial bank. Financial terms were not disclosed. "The alignment of our two institutions will create a unique banking franchise that better serves our employees and clients. Once we combine our two reputable banking platforms, it will create a transformative business bank with expanded product offerings driven by the purpose to serve our communities across California," Ash Patel, Commercial Bank of California Chairman, CEO and President.