M&A Deal Summary

Sierra Bank Acquires Santa Clara Valley Bank NA

On November 14, 2014, Sierra Bank acquired financial services company Santa Clara Valley Bank NA for 12M USD

Acquisition Highlights
  • This is Sierra Bank’s 1st transaction in the Financial Services sector.
  • This is Sierra Bank’s largest (disclosed) transaction.
  • This is Sierra Bank’s 1st transaction in the United States.
  • This is Sierra Bank’s 1st transaction in California.

M&A Deal Summary
Date 2014-11-14
Target Santa Clara Valley Bank NA
Sector Financial Services
Buyer(s) Sierra Bank
Deal Type Add-on Acquisition
Deal Value 12M USD
Advisor(s) MJC Partners LLC (Financial)
Horgan, Rosen, Beckham & Coren, LLP (Legal)

Target

Santa Clara Valley Bank NA

Santa Paula, California, United States
Santa Clara Valley Bank NA is a provider of banking services to individuals, professionals and small business clients.

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Buyer(S) 1

Buyer

Sierra Bank

Porterville, California, United States

website

Category Company
Founded 1977
Sector Financial Services
Employees446
Revenue 122M USD (2020)
DESCRIPTION

Sierra Bank is a multi-community financial institution that offers a full range of retail and commercial banking services, primarily in the central and southern sections of the San Joaquin Valley. Sierra Bank was founded in 1977 and is based in Porterville, California.

DEAL STATS #
Overall 1 of 4
Sector (Financial Services) 1 of 4
Type (Add-on Acquisition) 1 of 3
State (California) 1 of 4
Country (United States) 1 of 4
Year (2014) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-04 Coast National Bank

San Luis Obispo, California, United States

Coast National Bank (Coast Bancorp) is a provider of financial services to consumers and businesses through three locations throughout San Luis Obispo County.

Buy $3M
Mergr

Product

Company

Legal