Heritage Commerce Acquired by CVB Financial | Financial Services M&A Deal

CVB Financial Corp has acquired Heritage Commerce, a banking business in California, for $undisclosed. Heritage Commerce provides retail and commercial banking services, supporting deposit growth and lending activities that fit CVB Financial’s financial services strategy in CA acquisitions. CVB Financial acquisitions and merger acquisition planning focus on expanding customer relationships and strengthening balance sheet scale through a strategic acquisition in the banking sector. The financial services M&A deal is structured as a merger acquisition and is classified as a strategic acquisition, with announced status and GAAP pro forma financial information reflecting the combined results as if the merger closed on January 1, 2025.