Central Valley Community Bancorp, parent company of Fresno’s Central Valley Community Bank, has received regulatory approval to acquire Folsom Lake Bank.

Final closing of the deal, which was first announced at the end of April, is dependent on the results of a special shareholder meeting scheduled for Aug. 10, as well as certain closing conditions in the merger agreement.

Central Valley Community Bank to merge with Folsom bank

The transaction is expected to be completed on Oct. 1.

”We are proud of our 37-year history of solid financial performance which will be enhanced by Folsom Lake Bank’s amazing team joining our team. The addition of their Greater Sacramento branches will also allow Central Valley Community Bank to increase our presence throughout the region,” stated James M. Ford, President and CEO of Central Valley Community Bancorp and Central Valley Community Bank. ”This merger of like-minded independent community banks will provide long-term opportunities for the businesses, customers, employees, regional communities and our Bank.”