Horgan, Rosen, Beckham, & Coren, L.L.P. represented Santa Clara Valley Bank, N.A, a commercial bank, in its consolidation with the Bank of Sierra. The deal, which was announced on July 17, 2014 and completed on November 14, 2014, resulted in Santa Clara Valley Bank shareholders receiving an aggregate of $15,338,002 in cash. Santa Clara Valley Bank, N.A. was headquartered in Santa Paula California, had $128 million in assets, and offered a variety of commercial banking services to the Santa Clara River Valley and Santa Clarita Valley areas. With this consolidation Santa Clara Valley Bank becomes part of Bank of the Sierra which will now operate more than twenty–five full services branch offices spread out over four counties in California. Corporate Partners Arthur Coren and Khoi Dang counseled Santa Clara Valley Bank on the transaction including negotiating and drafting the terms of the definitive agreements, drafting the proxy materials for the shareholder meeting and documenting and coordinating the closing. Horgan, Rosen, Beckham & Coren, L.L.P. specializes in the representation of community banks and their holding companies throughout the western United States and has been ranked by SNL Financial as the #1 law firm on the West Coast for Financial Institutions Mergers and Acquisitions two years in a row and in the top 10 in branch purchase and assumption transactions.
Posted on: Wed, 19 Nov 2014 17:48:45 +0000