Central Valley Community Bancorp in Fresno will acquire Folsom-based Sierra Vista Bank under terms of a definitive agreement announced by both banking firms.
Sierra Vista operates branches in Folsom, Cameron Park and Fair Oaks and has more than $150 million in assets.
Officials said the purchase transaction has a value of about $24 million.
Officials estimate that the acquisition will be finalized in this year’s fourth quarter.
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Sierra Vista banks will become Central Valley Community Bank branches, CVCB officials said on Monday.