UBB

BayCom Corp and Pacific Enterprise Bancorp Announce Definitive Merger Agreement

Retrieved on: 
Wednesday, September 8, 2021
Banking, Professional Services, BayCom Corp, Pacific Enterprise Bancorp, BAYCOM CORP, PACIFIC ENTERPRISE BANCORP

BayCom Corp (NASDAQ:BCML) (BayCom or the Company), the holding company for United Business Bank, and Pacific Enterprise Bancorp (PEB), the holding company for Pacific Enterprise Bank, announced jointly today the signing of an Agreement and Plan of Merger (Merger Agreement) under which BayCom has agreed to acquire PEB in an all-stock transaction valued at approximately $53.1 million or $17.78 per share, based on the BayCom common stock price closing price of $17.28 per share on September 3, 2021.

Key Points: 
  • BayCom Corp (NASDAQ:BCML) (BayCom or the Company), the holding company for United Business Bank, and Pacific Enterprise Bancorp (PEB), the holding company for Pacific Enterprise Bank, announced jointly today the signing of an Agreement and Plan of Merger (Merger Agreement) under which BayCom has agreed to acquire PEB in an all-stock transaction valued at approximately $53.1 million or $17.78 per share, based on the BayCom common stock price closing price of $17.28 per share on September 3, 2021.
  • Under the terms of the Merger Agreement, PEB will be merged with and into BayCom.
  • The agreement also calls for the merger of Pacific Enterprise Bank with and into United Business Bank.
  • The Merger Agreement was approved by the boards of directors of BayCom and PEB.

OVBI: Subscriber Speed Increases Driving Higher Median Broadband Usage

Retrieved on: 
Tuesday, August 17, 2021
UBB, Software as a service, TB, Data-rate units, Industry, Network, OpenVault, EST, Growth, FRB, Technology, Solution, Telecommunication, Mobile phone

HOBOKEN, N.J., Aug. 17, 2021 /PRNewswire-PRWeb/ -- The migration to faster speed tiers is driving higher levels of broadband usage across all subscribers, according to the 2Q 2021 OVBI (OpenVault Broadband Insights) report.

Key Points: 
  • HOBOKEN, N.J., Aug. 17, 2021 /PRNewswire-PRWeb/ -- The migration to faster speed tiers is driving higher levels of broadband usage across all subscribers, according to the 2Q 2021 OVBI (OpenVault Broadband Insights) report.
  • "With both median usage growth exceeding average usage growth and upstream usage growth exceeding downstream usage growth, the impact on the network is far reaching and not driven by just a few subscribers or just by applications like streaming alone," the report states.
  • "Network operators will continue to be challenged to manage their networks as they strive to balance higher usage with better customer experiences."
  • OpenVault and OpenVault Europe GmbH are market-leading sources of broadband technology solutions and data-driven insights into worldwide broadband consumption patterns.

Boston Omaha Corporation Announces Second Quarter 2021 Financial Results

Retrieved on: 
Friday, August 13, 2021
Residential Building & Real Estate, Banking, Commercial Building & Real Estate, Technology, Construction & Property, Professional Services, Advertising, Communications, Telecommunications, Insurance, Finance, U.S. Securities and Exchange Commission, History, Advertising, Company, Private Securities Litigation Reform Act, Telecommunication, COVID-19, SEC, Investment, Insurance, Acquisition, Security (finance), UBB, Class, Animal

This contrasts with unrealized losses in the value of our public equity securities of $(25,232,878) during the six months ended June 30, 2020.

Key Points: 
  • This contrasts with unrealized losses in the value of our public equity securities of $(25,232,878) during the six months ended June 30, 2020.
  • Cash flow from operations for the six months ended June 30, 2021 was $5,290,113, compared to $1,261,366 for the six months ended June 30, 2020.
  • Our book value per share was $17.92 at June 30, 2021, compared to $14.01 at December 31, 2020.
  • Boston Omaha Corporation is a public holding company with three majority owned businesses engaged in outdoor advertising, surety insurance and broadband telecommunications services.

OpenVault: Broadband Usage Acceleration in 2018; 1TB Power Users Double to 4.12% of All Households

Retrieved on: 
Tuesday, January 22, 2019
Broadband, Data cap, Data transmission, Net neutrality, Flat rate, Telecommunications, UBB, Digital technology, Information and communications technology

According to OpenVault, both average and median data usage for year end 2018 increased when compared with year end 2017 statistics.

Key Points: 
  • According to OpenVault, both average and median data usage for year end 2018 increased when compared with year end 2017 statistics.
  • Importantly, the rate of growth for median usage continued to far exceed the growth rate for average usage, indicating that consumption is growing across service providers' entire subscriber bases, rather than only among heavy users.
  • OpenVault's 2018 data also shows that average usage for households with flat-rate pricing was 282.1GB/HH, more than 9% higher than the 258.2GB/HH average usage for households on usage-based billing (UBB) plans.
  • The percentage of flat-rate (non-UBB) households exceeding 1TB of usage was 4.82%, a full percentage point higher than the 3.81% of UBB households who exceeded the 1B threshold.