Mergers & Acquisitions

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Deal Overview

Buyer:
Sierra Bancorp
Actual Acquirer:
Bank of the Sierra
Target:
1 Branch
Deal Type:
Bank & Thrift Branch
Seller:
CVB Financial Corp.
Agreement Date:
6/30/2017
Announcement Date:
7/5/2017
Number of Target Branches
1
Branch Locations
Woodlake
CA
Franchise Premium ($ 000)
883
Tangible Book Premium/ Deposits (%)
3.27
Status:
Completed
Completion Date:
11/3/2017

Deal Terms
Description of Consideration

NA

Financials
Deposits ($ 000) 27,000
Total Assets ($ 000) 26,117
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer NA NA
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes King Holmes Paterno & Soriano
Seller NA NA