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  6. Commercial Bank of California Acquires Community Bank of the Bay

M&A Deal Summary

Commercial Bank of California Acquires Community Bank of the Bay

On May 20, 2024, Commercial Bank of California acquired financial services company Community Bank of the Bay

Acquisition Highlights
  • This is Commercial Bank of California’s 2nd transaction in the Financial Services sector.
  • This is Commercial Bank of California’s 2nd transaction in the United States.
  • This is Commercial Bank of California’s 2nd transaction in California.

M&A Deal Summary
Date 2024-05-20
Target Community Bank of the Bay
Sector Financial Services
Buyer(s) Commercial Bank of California
Deal Type Add-on Acquisition

Target

Community Bank of the Bay

Oakland, California, United States
Community Bank of the Bay is a commercial bank that serves the financial needs of closely held businesses and professional service firms, as well as their owner-operators and non-profit organizations throughout the San Francisco Bay Area. Community Bank of the Bay is based in Oakland, California.

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Buyer(S) 1

Buyer

Commercial Bank of California

Irvine, California, United States
Category Company
Founded 2003
Sector Financial Services
DESCRIPTION

Commercial Bank of California is a full-service bank offering clients all of the traditional deposit and lending services, along with the convenience and innovation of internet banking.

DEAL STATS #
Overall 2 of 2
Sector: Financial Services M&A 2 of 2
Type: Add-on Acquisition M&A Deals 1 of 1
State: California M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-02 National Bank of California

Los Angeles, California, United States

National Bank of California is a full-service bank headquartered in West Los Angeles serving the business and professional community from four banking offices located in Los Angeles and Orange counties.

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