The merger was announced in June, and in the intervening months the deal was approved by both banks’ boards of directors and banking regulators. As part of the merger, two former Sutter Community board members are joining Suncrest’s board. Other Sutter board members are now part of an advisory board for the Yuba and Sutter county market as part of the enlarged Suncrest organization.
As of the third quarter of the year, Suncrest Bank had about $218 million in assets, compared with about $68.3 million for Sutter Community. Sutter stock formerly traded on the OTC Pink bulletin board.