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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Wed., Jul. 27, 8:54 PM

Slide #2. Central Valley Community Bancorp Sierra Vista Bank

Acquirer: Central Valley Community Bancorp (NASDAQ:CVCY)
Acquiree: Sierra Vista Bank
Details: The Board of Directors of Central Valley Community Bancorp (Company) (NASDAQ: CVCY), the parent company of Central Valley Community Bank (Bank), announced today that required regulatory approval has been received by the Federal Deposit Insurance Corporation and California Department of Business Oversight authorizing Central Valley Community Bancorp to acquire Sierra Vista Bank. Final closing of the acquisition is dependent upon a special Sierra Vista Bank shareholder meeting scheduled for August 30, 2016, as well as certain closing conditions contained in the merger agreement.

Central Valley Community Bancorp is a holding company. Through its subsidiary, Central Valley Community Bank (the Bank), Co. conducts a commercial banking business, which includes accepting demand, savings and time deposits and making commercial, real estate and consumer loans. The Bank also provides domestic and international wire transfer services, safe deposit boxes and other banking services, and Internet Banking. Co.'s deposits include negotiable order of withdrawal accounts, money market accounts, time certificates of deposit, and non-interest bearing demand. As of Dec 31 2014, Co. had total assets of $1.19 billion and total deposits of $1.04 billion.

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Company Name:  Central Valley Community Bancorp
Stock buyback:  CVCY buyback
Sector:  Banking & Savings
Number of ETFs Holding CVCY:  12
Total Market Value Held by ETFs:  $3.81M
Total Market Capitalization:  $171.00M
% of Market Cap. Held by ETFs:  2.23%

Open the CVCY Page at The Online Investor (in a new window) »

July 27, 2016    8:54 PM Eastern
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Hold (2.50 out of 4)
21st percentile
(ranked lower than approx. 79% of all stocks covered)
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