CVB Financial Corp. (CVBF) announced on April 1, 2026, that it has obtained all necessary regulatory approvals for its merger with Heritage Commerce Corp. (HTBK). This merger, which involves the integration of HTBK's wholly-owned banking subsidiary, Heritage Bank of Commerce, into CVBF's subsidiary, Citizens Business Bank, is set to close on April 17, 2026, pending the satisfaction of customary closing conditions. The approvals include a Section 3 waiver and non-objection letter from the Federal Reserve and a letter of approval from the Office of the Comptroller of the Currency. The merger is expected to enhance CVBF's market position and expand its customer base in California, leveraging Heritage's established relationships in the Bay Area. David A. Brager, President and CEO of Citizens Business Bank, expressed optimism about the merger, highlighting the potential for growth and improved service offerings. The transaction is anticipated to create significant synergies and strengthen the combined entity's competitive edge in the banking sector.

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