BayCom Corp and Pacific Enterprise Bancorp Announce Definitive Merger Agreement

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Sep 08, 2021

BayCom Corp (NASDAQ:BCML) (“BayCom” or the “Company”), the holding company for United Business Bank, and Pacific Enterprise Bancorp (“PEB”), the holding company for Pacific Enterprise Bank, announced jointly today the signing of an Agreement and Plan of Merger (“Merger Agreement”) under which BayCom has agreed to acquire PEB in an all-stock transaction valued at approximately $53.1 million or $17.78 per share, based on the BayCom common stock price closing price of $17.28 per share on September 3, 2021. The transaction will expand BayCom’s presence in Southern California.