trending Market Intelligence /marketintelligence/en/news-insights/trending/jsuq5spmx6q_u3fq-gqcka2 content esgSubNav
In This List

California's CVB Financial to buy Community Bank

Blog

Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Blog

Banks’ Response to Rising Rates & Liquidity Concerns


California's CVB Financial to buy Community Bank

CVB Financial Corp. is acquiring a fellow Californian, Pasadena-based Community Bank.

Their cash-and-stock deal is valued at approximately $878.3 million, based on the buyer's Feb. 23 closing price of $23.37.

The merger will push CVB's asset size to approximately $12.0 billion from its year-end 2017 level of $8.27 billion.

More details to follow.