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M&A Deal Summary

United Business Bank Acquires Pacific Enterprise Bank

On September 7, 2021, United Business Bank acquired financial services company Pacific Enterprise Bank for 53M USD

Acquisition Highlights
  • This is United Business Bank’s 4th transaction in the Financial Services sector.
  • This is United Business Bank’s 2nd largest (disclosed) transaction.
  • This is United Business Bank’s 4th transaction in the United States.
  • This is United Business Bank’s 2nd transaction in California.

M&A Deal Summary
Date 2021-09-07
Target Pacific Enterprise Bank
Sector Financial Services
Buyer(s) United Business Bank
Deal Type Merger
Deal Value 53M USD
Advisor(s) Hovde Group (Financial)
Sheppard Mullin Richter & Hampton (Legal)

Target

Pacific Enterprise Bank

Irvine, California, United States
Pacific Enterprise Bank generates commercial and consumer loans and receives deposits from customers, who are predominately small and middle-market businesses and individuals located primarily in Orange County. Pacific Enterprise Bank was founded in 2007 and is based in Irvine, California.

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Buyer(S) 1

Buyer

United Business Bank

Walnut Creek, California, United States
Category Company
Founded 2004
Sector Financial Services
Employees320
Revenue 97M USD (2024)
DESCRIPTION

United Business Bank through its subsidiary, United Business Bank, offers a full range of loans, including SBA, FSA and USDA guaranteed loans, and deposit products and services to businesses and its affiliates in California, Washington, and New Mexico. United Business Bank was founded in 2004 and is based in Walnut Creek, California.

DEAL STATS #
Overall 4 of 4
Sector: Financial Services M&A 4 of 4
Type: Merger M&A Deals 4 of 4
State: California M&A 2 of 2
Country: United States M&A 4 of 4
Year: 2021 M&A 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-04 Grand Mountain Bancshares

Granby, Colorado, United States

Grand Mountain Bancshares, Inc. is a community bank committed to providing quality, personal service to all the people and businesses in our community. Grand Mountain Bancshares, Inc. is based in Granby, Colorado.

Buy $14M
Mergr

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