TriCo Bancshares completed its previously-announced merger with Valley Republic Bancorp. The combined company, operating as TriCo Bancshares with its banking subsidiary, Tri Counties Bank, expects to have total assets of approximately $10.1 billion as a result of the merger.
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.
Chico, CA-based TriCo Bancshares agreed to acquire FNB Bancorp in a stock transaction valued at approximately $315.3 million in aggregate. The transaction will extend Tri Counties Bank’s presence into the San Francisco peninsula.