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Heritage Bank of Commerce to consolidate branch with Tri-Valley's branch.

Heritage Bank of Commerce will consolidate its Danville, Calif., branch with Tri-Valley Bank's San Ramon, Calif., branch to improve cost efficiencies, according to a regulatory filing recently obtained by S&P Global Market Intelligence.

San Jose, Calif.-based Heritage Commerce Corp. is acquiring San Ramon, Calif.-based Tri-Valley Bank in a deal valued at about $31.6 million.