Citizens Business Bank has completed its largest acquisition, merging with Heritage Bank of Commerce to expand into Northern California and exceed $20 billion in assets. - The merger adds 16 branches in Northern California, bringing the total to 79 statewide.
- Citizens Business Bank now ranks among the top 10 largest banks headquartered in California. - The deal faced initial delays due to regulatory uncertainties after the 2023 banking crisis.
- CEO Dave Brager emphasizes maintaining a customer-focused approach despite increased scale. The acquisition strengthens Citizens' competitive edge in a consolidating banking sector while preserving its commitment to personalized service.