Tag Archives: Sheppard Mullin Richter & Hampton

Starry Files Voluntary Chapter 11, Backed by RSA with Lenders

Starry Group Holdings and subsidiaries filed voluntary petitions for relief under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware and have entered into a restructuring support agreement with lenders holding the company’s debt.

TriCo Bancshares to Merge with Valley Republic Bancorp, Transaction Valued at $165.6MM

TriCo Bancshares, the parent company for Tri Counties Bank, and Valley Republic Bancorp, the parent company for Valley Republic Bank, entered into a definitive agreement under which Valley Republic will merge with and into TriCo in a stock transaction valued at approximately $165.6 million.

CVB Financial and Suncrest Bank to Merge, Transaction Valued at $204MM

CVB Financial and Suncrest Bank entered into an agreement and plan of reorganization and merger pursuant to which Suncrest Bank will merge with and into Citizens Business Bank in a stock and cash transaction valued at approximately $204 million.

Banc of California to Merge with Pacific Mercantile Bank

Banc of California and Pacific Mercantile Bancorp, the holding company of Pacific Mercantile Bank, entered into a definitive agreement and plan of merger under which Pacific Mercantile will merge into Banc of California in an all-stock transaction valued at approximately $235 million.

Enterprise Financial Services Completes Merger With Seacoast Commerce Bank

Enterprise Financial Services, the holding company of Enterprise Bank & Trust (EB&T), completed its merger with Seacoast Commerce Banc Holdings and the merger of EB&T with Seacoast’s wholly-owned subsidiary, Seacoast Commerce Bank.