Frontwave Credit Union to acquire Community Valley Bank for $51.5m.

Frontwave Credit Union, a consumer banking company, agreed to acquire Community Valley Bank, a California state-chartered bank, for $51.5m. “Frontwave Credit Union has a long history of making a difference in the community by helping members achieve their financial goals. We have a strategic commitment to bring the benefits of credit union membership to more people, while reinforcing our position as a strong and reliable financial institution. The addition of Community Valley Bank will allow us to expand our footprint as we continue living out our mission to make financial dreams come true in the communities that we serve every day,” Bill Birnie, Frontwave Credit Union President and CEO.