CVB Financial Corp. Announces Receipt of Regulatory Approvals for Pending Merger with Heritage Commerce Corp.

April 2, 2026 - 11:27

ONTARIO, CA, April 01, 2026 – CVB Financial Corp. has successfully obtained all required regulatory clearances to proceed with its planned merger with Heritage Commerce Corp. The company confirmed the receipt of two pivotal approvals, marking the final major step before the transaction's completion.

The first approval came from the Federal Reserve, which issued a Section 3 waiver and a non-objection letter regarding the proposed merger of Heritage Commerce into CVB Financial. The second critical approval was granted by the Office of the Comptroller of the Currency, which sanctioned the merger of Heritage Commerce Corp.'s wholly-owned banking subsidiary.

These regulatory green lights satisfy a core condition for closing the merger, which was initially announced last year. The transaction aims to create a significantly larger and more robust financial institution, combining the operational strengths and customer bases of both entities. The combined organization is expected to enhance its competitive position and expand its service offerings across key markets in California.

Executives from both companies have expressed satisfaction with the regulatory outcome, viewing it as a strong endorsement of the merger's strategic rationale. The focus now shifts to finalizing the remaining logistical and operational steps required to formally combine the two institutions. The merger is anticipated to close in the coming weeks, pending the satisfaction of other customary closing conditions.