CVB Financial Corp. and Heritage Commerce Corp Announce Agreement to Merge
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CVB Financial Corp. and Heritage Commerce Corp have announced a definitive merger agreement valued at $811 million. Heritage will merge into Citizens in an all-stock transaction, creating a top-performing California business bank with $22 billion in assets. The merger aims to expand Citizens' presence in the Bay Area and enhance business banking services across California. The transaction is expected to close in Q2 2026, subject to regulatory and shareholder approvals. Key executives from Heritage will join Citizens, ensuring continuity and representation from both organizations.
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