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Calif. regulator OKs Community Valley Bank's buy of Umpqua Bank branch

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Calif. regulator OKs Community Valley Bank's buy of Umpqua Bank branch

The California Department of Business Oversight on May 18 approved Community Valley Bank's proposed acquisition of Umpqua Bank's branch in Borrego Springs, Calif., according to the state banking regulator's June bulletin.

El Centro, Calif.-based Community Valley Bank is a unit of CMUV Bancorp, while Roseburg, Ore.-based Umpqua Bank is a unit of Umpqua Holdings Corp.