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Manatt Represents CVB Financial Corp. in Its $204M Acquisition of Suncrest Bank July 27, 2021
Manatt Financial Services leader Craig Miller and corporate and finance partner Veronica Lah led the firm’s representation of CVB Financial Corp., the holding company for Citizens Business Bank and one of the ten largest bank holding companies headquartered in California, in its $204 million acquisition of Suncrest Bank, a fast-growing commercial bank with offices located throughout California’s Central Valley.
The merger will increase Citizens’ total assets to approximately $17 billion and will add scale and market share to improve Citizens Business Bank’s competitive advantage and operating leverage in the state.