Bank of Commerce said Monday that its purchase of Rancho Vista National Bank was approved by shareholders of both companies.

Bank of Commerce will exchange two shares of its common stock for each of Rancho Vista's 1.3 million fully diluted shares outstanding. The merger deal is expected to close this month.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.