Porterville’s Bank of the Sierra inks deal to buy Ventura County bank – Fresno Bee

Porterville’s Bank of the Sierra inks deal to buy Ventura County bank
Fresno Bee
The structure of the deal calls for paying $12.3 million, or $6 per share, to owners of Santa Clara Valley Bank common stock. An additional $3 million will be paid to owners of preferred stock, including about $700,000 to retire warrants held by
Sierra Bancorp Announces Agreement to Acquire Santa Clara Valley Bank, N.A. CNNMoney

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