On March 26, 2026, Heritage Commerce Corp held a special meeting where shareholders overwhelmingly approved the proposed merger with CVB Financial Corp. This merger, which is set to exchange each share of Heritage common stock for 0.65 shares of CVB common stock, is anticipated to close in the second quarter of 2026, pending regulatory approvals. The meeting saw a quorum with 69.5% of shares represented, indicating strong shareholder support. The merger is expected to enhance operational capabilities and market reach for both entities, positioning them favorably in the competitive banking landscape. The approval reflects confidence in the strategic benefits of the merger, including potential synergies and improved financial performance. The merger agreement, dated December 17, 2025, outlines the terms and conditions under which the merger will proceed. Shareholders also approved related compensation proposals for executives, further solidifying the commitment to a smooth transition post-merger. The joint press release from both companies emphasized the positive outlook for the combined entity, which aims to leverage its expanded resources to better serve customers and stakeholders. This merger marks a significant step in the consolidation of community banks, aiming to create a stronger financial institution capable of competing with larger banks while maintaining a focus on customer service and community engagement.

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