Brief: Baycom Corp & Pacific Enterprise Bancorp Announce Definitive Merger Agreement

Baycom

08/09/2021 24:34

Sept 7 (Reuters) - Baycom Corp  BCML.O :
    * AND PACIFIC ENTERPRISE BANCORP ANNOUNCE DEFINITIVE MERGER
AGREEMENT
    * AGREED TO ACQUIRE PEB IN AN ALL-STOCK TRANSACTION VALUED
AT
APPROXIMATELY $53.1 MILLION OR $17.78 PER SHARE
    * AGREEMENT ALSO CALLS FOR MERGER OF PACIFIC ENTERPRISE BANK
WITH
AND INTO UNITED BUSINESS BANK


Further company coverage:  BCML.O 

 ((Reuters.Briefs@thomsonreuters.com;))