Heritage Commerce to Merge with CVB Financial in All-Stock Deal
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Heritage Commerce Corporation will merge with CVB Financial Corp., with CVBF as the surviving corporation. Heritage Bank of Commerce will combine with Citizens Business Bank, a subsidiary of CVBF. Each share of Heritage Commerce Corporation’s common stock will be converted into 0.65 shares of CVBF common stock. The boards of directors of both companies unanimously approved the merger agreement.
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