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California regulator approves Plaza Bank/United Business Bank merger

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California regulator approves Plaza Bank/United Business Bank merger

The California Department of Business Oversight on Sept. 19 approved United Business Bank's pending merger with Plaza Bank.

On June 26, United Business Bank's parent, Walnut Creek, Calif.-based BayCom Corp., agreed to acquire Seattle-based Plaza Bank in a deal valued then at approximately $10.6 million.