Merger • Financial Services

AltaPacific Acquires Commerce Bank of Temecula Valley

On September 1, 2016, AltaPacific acquired financial services company Commerce Bank of Temecula Valley for 16M USD

Acquisition Context
  • This is AltaPacific’s 3rd transaction in the Financial Services sector.
  • This is AltaPacific’s 2nd largest (disclosed) transaction.
  • This is AltaPacific’s 3rd transaction in the United States.
  • This is AltaPacific’s 3rd transaction in California.

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M&A Deal Summary

Date September 1, 2016
Target Commerce Bank of Temecula Valley
Sector Financial Services
Buyer(s) AltaPacific
Deal Type Merger
Deal Value 16M USD

Target Company

Commerce Bank of Temecula Valley

Murrieta, California, United States
Commerce Bank of Temecula Valley is a provider of banking services and products in northern and Southern California.
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Buyer Overview 1

Buyer

AltaPacific

Santa Rosa, California, United States

Category Company
Founded 2006
Sector Financial Services
Revenue 20M USD (2017)
DESCRIPTION

AltaPacific Bancorp. is an independent business bank and operates as the holding company for AltaPacific Bank. The company provides a range of banking products and services to small to middle-market businesses, professionals, and not-for-profit organizations in California. AltaPacific Bancorp. was formed in 2006 and is based in Santa Rosa, California.


Deal Context for Buyer #
Overall 3 of 3
Sector: Financial Services 3 of 3
Type: Merger 3 of 3
State: California 3 of 3
Country: United States 3 of 3
Year: 2016 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-31 Mission Oaks National Bank

Temecula, California, United States

Mission Oaks National Bank is a provider of banking services to residents and businesses owners in southwest California.

Buy $4M