Regulatory Alerts2026-04-01 | Corporate Decision 1371Added
Corporate Decision 1371 — Approval of Merger Between Citizens Business Bank and Heritage Bank of Commerce
The Office of the Comptroller of the Currency approves the application by Citizens Business Bank, National Association to merge with and into it Heritage Bank of Commerce. The approval is based on a review under the Bank Merger Act, finding no significant anticompetitive effects and consistency with community reinvestment and consumer protection standards. Citizens Business Bank must retain two wholly owned subsidiaries of Heritage Bank of Commerce and notify licensing in writing at least 10 days before the effective date. If the merger is not consummated within six months from the approval date, the approval automatically terminates unless an extension is granted.