PACIFIC ENTERPRISE BANCORP

Merger Between BayCom Corp and Pacific Enterprise Bancorp Receives Shareholder Approval

Retrieved on: 
Tuesday, December 14, 2021
Banking, Professional Services, Finance, Phrase, Failure, Uncertainty, National Association of Affordable Housing Lenders, Equal housing lender, Private Securities Litigation Reform Act, COVID-19, PEB, NASDAQ, SEC, Business, Risk, USDA, SBA, Attention, FDIC, Public sector banks in India, FSA, News, Communication, Security (finance), Bank, BayCom Corp, Pacific Enterprise Bancorp, BAYCOM CORP, PACIFIC ENTERPRISE BANCORP

BayCom Corp (BayCom) (NASDAQ: BCML) and Pacific Enterprise Bancorp (PEB) jointly announced that, at their respective special meetings of shareholders held yesterday, they each received the necessary shareholder approval for the consummation of their planned merger.

Key Points: 
  • BayCom Corp (BayCom) (NASDAQ: BCML) and Pacific Enterprise Bancorp (PEB) jointly announced that, at their respective special meetings of shareholders held yesterday, they each received the necessary shareholder approval for the consummation of their planned merger.
  • BayCom previously announced the receipt of all required bank regulatory approvals for the merger of BayCom and PEB, as well as the merger of PEBs bank subsidiary, Pacific Enterprise Bank, into BayComs bank subsidiary, United Business Bank.
  • Pacific Enterprise Bancorp is a bank holding company organized under the laws of the state of California.
  • Additional information about Pacific Enterprise Bancorp may be found at http://www.pacificenterprisebank.com or by calling (949) 623-7600.

BayCom Corp Receives Final Regulatory Approval for Pacific Enterprise Bancorp Merger

Retrieved on: 
Tuesday, November 23, 2021
Banking, Professional Services, Finance, Private Securities Litigation Reform Act, Agreement, THE, FDIC, News, ANY, Sale, California Department, Phrase, PEB, Bloomberg L.P. v. Board of Governors of the Federal Reserve System, Attention, Form, Federal Reserve, Reading, SEC, Equal housing lender, COVID-19, Public sector banks in India, BOTH, JOINT, Prospectus, National Association of Affordable Housing Lenders, Communication, Risk, FSA, Board, Consumer Financial Protection Bureau, Structure of the Federal Reserve System, Uncertainty, Plan, USDA, California Department of Financial Protection and Innovation, SBA, Suite, Failure, NASDAQ, AS, Security (finance), Retail, BayCom Corp, Pacific Enterprise Bancorp, BAYCOM CORP, PACIFIC ENTERPRISE BANCORP

BayCom Corp (BayCom) (NASDAQ: BCML) announced it has received all regulatory clearances for its proposed merger with Pacific Enterprise Bancorp (PEB).

Key Points: 
  • BayCom Corp (BayCom) (NASDAQ: BCML) announced it has received all regulatory clearances for its proposed merger with Pacific Enterprise Bancorp (PEB).
  • The Board of Governors of the Federal Reserve System and the California Department of Financial Protection and Innovation have provided final clearance for the pending merger of BayCom Corp and PEB, as well as the merger of PEBs bank subsidiary, Pacific Enterprise Bank, into BayComs bank subsidiary, United Business Bank.
  • The respective Boards of Directors of BayCom and PEB have previously approved the Agreement and Plan of Merger between BayCom and PEB.
  • Pacific Enterprise Bancorp is a bank holding company organized under the laws of the state of California.

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.