Nano Financial Holdings to Acquire Commerce Bank

Three Deals Close Out 2017 Bank M&A Activity
– American Banker

American Banker and Close Up Media Inc. covered Manatt’s representation of Nano Financial Holdings in its acquisition of Commerce Bank of Temecula Valley (CBTV). The team was led by Gordon Bava, partner in the firm’s corporate and finance practice, and Matthew O’Loughlin, co-chair of the firm’s mergers and acquisitions practice.

Nano and CBTV reported the signing of a definitive agreement and plan of a merger in which Nano will acquire all the outstanding shares of CBTV. The deal, valued at $23.3 million, will allow CBTV shareholders to receive $14.41 per share in cash or Nano stock. This is the first acquisition by Nano.

“Our team has built a significant following among middle market companies, so we know we are on track to attract significant core deposits and loans for CBTV,” noted Nano CEO Mark Rebal.



pursuant to New York DR 2-101(f)

© 2024 Manatt, Phelps & Phillips, LLP.

All rights reserved