Heritage Commerce Corporation will merge with CVB Financial Corp., with CVBF as the surviving corporation, according to an agreement entered into by both companies on December 17, 2025. Following the completion of the merger, Heritage Bank of Commerce will combine with Citizens Business Bank, a subsidiary of CVBF, with Citizens continuing as the surviving bank. Under the terms of the agreement, each share of Heritage Commerce Corporation’s common stock will be converted into the right to receive 0.65 shares of CVBF common stock. The boards of directors of both companies unanimously approved the merger agreement.

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