Completed Transaction Valued at $903.5 Million
D.A. Davidson & Co. announced that it has served as exclusive financial advisor to Community Bank in its merger with CVB Financial Corp. (NASDAQ: CVBF). Pasadena, Calif.-based Community Bank announced on Feb. 26, 2018 that it had agreed to merge with Ontario, Calif.-based CVB Financial Corp., and its wholly-owned banking subsidiary Citizens Business Bank. The transaction, valued at $903.5 million, closed on Aug. 10, 2018.
The transaction is the 99th completed M&A advisory transaction for D.A. Davidson’s financial institutions group since 2011 and the 16th since the beginning of 2018.
“D.A. Davidson is honored to serve as exclusive financial advisor to Community Bank, a Los Angeles-based institution that has been in business for more than seven decades,” said Rory McKinney, Head of Investment Banking for D.A. Davidson. “The closing of this deal comes on the tail of a series of successful transactions of varying sizes completed by our top-ranked financial institutions group.”
D.A. Davidson & Co.’s investment banking division is a leading full-service investment bank that offers comprehensive financial advisory and capital markets expertise. The group has extensive transaction experience serving middle market clients worldwide across five industry verticals: consumer, diversified industrials, financial institutions, real estate and technology.
About D.A. Davidson Companies
D.A. Davidson Companies is an employee-owned financial services firm offering a range of financial services and advice to individuals, corporations, institutions and municipalities nationwide. Founded in 1935 and headquartered in Montana, with corporate offices in Denver, Los Angeles, Portland and Seattle, the company has more than 1,350 employees and offices in 25 states.
Subsidiaries include: D.A. Davidson & Co., the largest full-service investment firm headquartered in the Northwest, providing wealth management, investment banking, equity and fixed income capital markets services and advice; Davidson Investment Advisors, a professional asset management firm; D.A. Davidson Trust Company, a trust and wealth management company; and Davidson Fixed Income Management, a registered investment adviser providing fixed income portfolio and advisory services.
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