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Folsom Lake Bank shareholders OK Central Valley Community Bancorp merger

Shareholders of Folsom, Calif.-based Folsom Lake Bank on Aug. 10 approved the merger between the bank and Fresno, Calif.-based Central Valley Community Bancorp.

The transaction is expected to close Oct. 1, and conversion of all operational systems is expected to be completed in the first quarter of 2018.

The Federal Deposit Insurance Corp. and California Department of Business Oversight had earlier approved the merger.

Central Valley Community Bancorp is the parent company of Central Valley Community Bank.