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CVB Financial completes merger with Heritage Commerce, boosting assets over $20B and expanding Bay Area presence.

Company Fundamentals
17 Apr 2026
Na
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Bullish
pluang ai news

CVB Financial Corp. finalized its merger with Heritage Commerce Corp., creating a combined entity with over $20 billion in assets, approximately $12 billion in loans, and $17 billion in deposits. This all-stock deal expands CVB's footprint into the Bay Area with 16 new branches and strengthens its position as a leading business bank in California. Heritage's CEO Clay Jones joins as President of the combined company, while CVB's CEO David Brager remains in place. The merger aims to accelerate growth and enhance service coverage across major California metropolitan areas.

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