Fresno, Calif.-based Central Valley Community Bancorp ($1.29 billion) closedits acquisition ofFolsom, Calif.-based Sierra VistaBank ($157.3 million) effective Oct. 1.
Based on Central Valley's Sept. 30 closing price of $15.86per share, the merger consideration was about $26.3 million.
As part of the deal, Sierra Vista Bank into .
Sierra Vista will begin operating under Central Valley'sname and physical signage in October. The operational systems are planned forconversion over the weekend of Nov. 4 to Nov. 6.
James Ford, president and CEO of Central Valley CommunityBancorp and bank, will continue to lead the combined entity. Gary Gall,president and CEO of Sierra Vista Bank, will join the combined entity's boardof directors.