SoCal commercial bank stretches into San Jose with $811M deal

This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Ontario, California-based CVB Financial Corp. will acquire Heritage Commerce Corp. in a roughly $811 million deal that’s set to give the buyer a stronger foothold in the Bay Area, the companies said Wednesday. The transaction, set to close in the second quarter of 2026, will create a bank with about $22 billion in assets and more than 75 locations – and draw San Jos ...