FIG Partners Served As Financial Advisor To First ULB Corp. In Merger With Bay Commercial Bank

FIG Has Now Advised On 31 Whole Bank Transactions Nationwide
Totaling Over $2.0 Billion Since 2015

ATLANTA, December 19, 2016 — Bay Commercial Bank (OTCBB:BCML), and First ULB Corp. have announced a definitive merger agreement.

First ULB Corp. (FULB) and its subsidiary, United Business Bank, FSB (UBB), will merge into BayCom Corp., a bank holding company being formed by Bay Commercial Bank (BCB). UBB will merge with BCB. 

FIG Served As Financial Advisor To First ULB Corp. In Merger With Bay Commercial BankUnder terms of the agreement, FULB shareholders will receive $13.50 in cash and 0.9733 shares of BayCom Corp. common stock. The total transaction value is approximately $37.1 million. The total assets of the combined banks on a pro forma basis at September 30, 2016, are approximately $1.1 billion. The transaction will close in the early second quarter of 2017. 

Malcolm Hotchkiss, President and CEO of FULB said, “Bay Commercial Bank is an excellent partner for our customers, and our shareholders will benefit by becoming part of the BCB vision.” 

FIG Partners served as financial advisor to First ULB Corp. The FIG team included Paul Reese, Principal, and Patrick Nicolini, Senior Vice President.  

More information about the agreement is available here

To learn more about FIG Partners, visit www.figpartners.com.