The Bank of Rio Vista has agreed to be acquired by Farmers & Merchants Bancorp (OTCQX: FMCB) in a transaction valued at approximately $28.7 million.
With the transaction, Bank of Rio Vista will become a wholly owned subsidiary of Farmers & Merchants Bancorp. The transaction involving two California banks is expected to close in the third quarter of 2018.
D.A. Davidson acted as exclusive financial advisor to the Bank of Rio Vista in the transaction and offered a fairness opinion. This was the 101st publicly announced M&A advisory transaction for D.A. Davidson’s Financial Institutions Group since 2011.
Full details of the transaction can be found here.