WALNUT CREEK and OAKLAND, Calif., April 11, 2017 (GLOBE NEWSWIRE) -- BayCom Corp, (OTCQB:BCML) and its wholly owned subsidiary, Bay Commercial Bank and First ULB Corp (OTCPK:FUBP) and its wholly owned subsidiary, United Business Bank today announced the receipt of regulatory and shareholder approvals of the merger of First ULB Corp. with and into BayCom Corp, and the subsequent merger of United Business Bank with and into Bay Commercial Bank. The mergers are expected to close on April 28, 2017.
Bay Commercial Bank also announces that it will change its name to United Business Bank once the merger is consummated.
George Guarini, President and CEO of BayCom Corp., and Bay Commercial Bank, stated “We are pleased with achieving both regulatory and shareholder approvals and look forward to the closing in April. We are excited about the name change as we expand beyond the San Francisco Bay Area. With the closing we will broaden our market to 18 offices including 16 offices in California, one in the state of Washington and one in New Mexico. We welcome the clients of United Business Bank and look forward to continuing to provide exceptional service to all of our clients under our new name.”
Certain statements in this press release contain forward-looking statements speak only as of the date of this release and are based on management’s expectations, estimates, projections and assumptions. Words such as “expects,” “anticipates,” “plans,” “believes,” “scheduled,” “estimates” and variations of these words and similar expressions are intended to identify forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. These statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. Therefore, actual future results and trends may differ materially from what is forecast in forward-looking statements due to a variety of factors. BayCom Corp and First ULB Corp do not undertake any obligation to update or publicly release any revisions to forward-looking statements to reflect events, circumstances or changes in expectations after the date of this press release.
Contact: Bay Commercial Bank Keary Colwell, CFO (925) 476-1805 United Business Bank, FSB Jeanette Reynolds, CFO (510) 567-6906
Source:Bay Commercial Bank