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Stock impact report

BayCom Corp Announces Executive Leadership Transition and Next-Phase Growth Strategy

BayCom Corp (BCML) 
Company Research Source: Business Wire
WALNUT CREEK, Calif.--(BUSINESS WIRE)--BayCom Corp (“BayCom” or the “Company”) (NASDAQ: BCML), the holding company for United Business Bank (the “Bank” or “UBB”), today announced that its Board of Directors (the “Board”) has approved a leadership transition and appointed three new executives to execute the Company’s next phase of growth. The incoming team brings proven experience at larger, more complex institutions and takes the helm of a sound and profitable community banking platform.The Board concluded that the next phase of growth requires a specific set of capabilities — proven experience building a balance sheet, navigating capital markets, and executing larger, more transformational transactions.Strategic RationaleThe Company has reached a strategic inflection point. Since its founding, growth has been predominantly acquisition-driven, with ten successful mergers completed over approximately 22 years. The acquisition pipeline has been quiet for the past four years, a refle Show less Read more
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