MergerApr 21, 2026, 05:27 PM
Heritage Commerce Corp Completes Merger with CVBF
AI Summary
Heritage Commerce Corp announced the completion of its previously announced merger with CVB Financial Corp. on April 17, 2026. Heritage merged into CVBF, with CVBF continuing as the surviving corporation. Subsequently, Heritage Bank of Commerce merged into Citizens Business Bank, a wholly-owned subsidiary of CVBF. As a result, Heritage's separate corporate existence ceased, and each share of Heritage Common Stock was converted into the right to receive 0.65 shares of CVBF Common Stock.
Key Highlights
- Merger completed on April 17, 2026.
- Heritage Commerce Corp merged into CVB Financial Corp., with CVBF as survivor.
- Heritage Bank of Commerce merged into Citizens Business Bank.
- Heritage Common Stock converted to 0.65 shares of CVBF Common Stock.