• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Helper
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees for your businessNEW
    Legal
    Terms of usePrivacy policyCookie policy

    TriCo Bancshares Completes Merger with Valley Republic Bancorp, Appoints New Director and Resumes Stock Repurchase Program

    3/28/22 8:00:00 AM ET
    $TCBK
    $TRC
    Major Banks
    Finance
    Real Estate
    Finance
    Get the next $TCBK alert in real time by email

    TriCo Bancshares (NASDAQ:TCBK) ("TriCo") has completed its previously-announced merger with Valley Republic Bancorp (OTC:VLLX) ("Valley") as of March 25, 2022. The combined company, operating as TriCo Bancshares with its banking subsidiary, Tri Counties Bank, anticipates having total assets of approximately $10.1 billion as the result of the merger.

    "We are excited to combine two community-focused financial institutions which are both significantly involved in the markets they serve," said Richard P. Smith, President and CEO of TriCo and Tri Counties Bank. "We look forward to providing our new clients with additional lending capabilities and expanded product offerings while delivering our unique brand of Service With Solutions®."

    "We see this merger as a significant milestone in our company's history that positions us for continued growth and success," continued Smith. "Our commitment to provide value to our clients, communities and shareholders remains our top priority."

    Prior to the merger, Valley had approximately $1.4 billion in assets and its subsidiary, Valley Republic Bank, operated three branch offices in Bakersfield, one branch office in Delano, and one loan production office in Fresno, California. Valley Republic Bank also merged with and into Tri Counties Bank on March 25, 2022.

    Valley Republic Banks former branches reopened under the Tri Counties brand on Monday, March 28, 2022. Clients now have access to a community based branch network throughout Tri Counties' California footprint, access to a national network of over 37,000 surcharge-free ATMs, advanced online and mobile banking and banker support by phone 7 days per week. Valley Republic Bank clients previously received a welcome guide detailing the transition and the benefits of being a Tri Counties client. Team members are prepared to assist clients, answer their questions and process transactions with personalized attention as usual.

    With the completion of the merger, TriCo has appointed Anthony L. Leggio to its board of directors. Mr. Leggio served as a director of Valley and Valley Republic Bank since incorporation in 2016 and 2008, respectively. Mr. Leggio has been President/Manager of Bolthouse Properties, LLC, Bakersfield, CA, a diversified real estate development company with commercial, residential and agricultural holdings since 2006. He is a director of Tejon Ranch Company (NYSE:TRC), Lebec, CA, a growth-oriented, fully diversified real estate development and agribusiness company since 2012.

    Pursuant to the terms of the Agreement and Plan of Merger dated as of July 27, 2021, between TriCo and Valley, each share of Valley common stock has been converted into the right to receive 0.95 shares of TriCo common stock, with cash to be paid in lieu of fractional shares. TriCo issued approximately 4.1 million shares of common stock in the merger. As a result, former Valley shareholders will own approximately 12% of TriCo's outstanding common stock immediately following the merger.

    Keefe, Bruyette & Woods, A Stifel Company served as TriCo's financial advisors for the transaction, with Sheppard Mullin, Richter & Hampton LLP acting as its legal advisor. Stephens Inc. served as Valley's financial advisors for the transaction, with Duane Morris LLP acting as its legal advisor.

    Stock Repurchase Plan

    TriCo also announced the resumption of its existing stock repurchase plan. Under the repurchase plan previously authorized by the board of directors, TriCo may repurchase its outstanding shares of common stock from time to time in open market or privately-negotiated transactions, including block trades, or pursuant to 10b5-1 trading plans. Any repurchases will be at management's discretion and will be subject to market conditions, the price of the Company's shares and other factors. The stock repurchase plan may be modified, suspended or terminated by the board of directors at any time. The plan authorizes the repurchase of up to 1,936,683 additional shares.

    About TriCo Bancshares

    TCBK is a bank holding company. Established in 1974, Tri Counties Bank is a wholly-owned subsidiary of TriCo Bancshares (NASDAQ:TCBK) headquartered in Chico, California, providing a unique brand of customer Service with Solutions available in traditional stand-alone and in-store bank branches in communities throughout California. Tri Counties Bank provides an extensive and competitive breadth of consumer, small business and commercial banking financial services, along with convenient around-the-clock ATMs, online and mobile banking access. Brokerage services are provided by Tri Counties Advisors through affiliation with Raymond James Financial Services, Inc. Visit www.TriCountiesBank.com to learn more.

    Cautionary Statements Regarding Forward-Looking Information

    Certain statements contained in this press release which are not statements of historical fact constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, certain plans, expectations, goals, and projections relating to the business and operations of TriCo, which are subject to numerous assumptions, risks and uncertainties. Words such as ''believes,'' ''anticipates,'' "likely," "expected," "estimated," ''intends'' and other similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. Please refer to TriCo's Annual Report on Form 10-K for the year ended December 31, 2021, as well as TriCo's other filings with the SEC, for a more detailed discussion of risks, uncertainties and factors that could cause actual results to differ from those discussed in the forward-looking statements.

    Forward-looking statements are not historical facts but instead express only management's beliefs regarding future results or events, many of which, by their nature, are inherently uncertain and outside of the management's control. It is possible that actual results and outcomes may differ, possibly materially, from the anticipated results or outcomes indicated in these forward-looking statements. In addition to factors previously disclosed in TriCo's filings with the SEC, the risks and uncertainties that could cause actual results to be different from anticipated results include but are not limited to: the possibility that any of the anticipated benefits of the proposed merger will not be realized or will not be realized within the expected time period; the risk that conversion or integration of Valley's operations with those of TriCo will be materially delayed or will be more costly or difficult than expected; diversion of management's attention from ongoing business operations and opportunities; the challenges of integrating and retaining key employees; the effect of the consummation of the merger on customer relationships and operating results; the possibility that the merger may be more expensive to complete than anticipated, including as a result of unexpected factors or events; and general competitive, economic, political and market conditions and fluctuations. All forward-looking statements included in this press release are made as of the date hereof and are based on information available at the time of the press release. Except as required by law, TriCo does not assume any obligation to update any forward-looking statement.

    View source version on businesswire.com: https://www.businesswire.com/news/home/20220328005200/en/

    Get the next $TCBK alert in real time by email

    Crush Q3 2025 with the Best AI Executive Assistant

    Stay ahead of the competition with Tailforce.ai - your AI-powered business intelligence partner.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Tailforce.ai

    Recent Analyst Ratings for
    $TCBK
    $TRC

    CompanyDatePrice TargetRatingAnalyst
    TriCo Bancshares
    $TCBK
    11/12/2024$50.00 → $53.00Buy → Neutral
    DA Davidson
    TriCo Bancshares
    $TCBK
    7/26/2024Buy → Neutral
    Janney
    TriCo Bancshares
    $TCBK
    5/11/2022$46.00 → $48.00Equal-Weight → Overweight
    Stephens
    TriCo Bancshares
    $TCBK
    5/3/2022$49.00Neutral → Buy
    Janney
    TriCo Bancshares
    $TCBK
    1/26/2022$47.00 → $49.00Outperform
    Raymond James
    TriCo Bancshares
    $TCBK
    10/27/2021$46.00 → $47.00Outperform
    Raymond James
    TriCo Bancshares
    $TCBK
    9/7/2021$44.00 → $47.00Neutral → Buy
    DA Davidson
    TriCo Bancshares
    $TCBK
    8/3/2021$49.00Neutral → Overweight
    Piper Sandler
    More analyst ratings

    $TCBK
    $TRC
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Director Dakos Andrew was granted 461 shares, increasing direct ownership by 1% to 32,461 units (SEC Form 4)

      4 - TEJON RANCH CO (0000096869) (Issuer)

      7/18/25 4:05:13 PM ET
      $TRC
      Real Estate
      Finance
    • Director Yee Kenneth was granted 987 units of Tejon Ranch Co. Common Stock, increasing direct ownership by 80% to 2,217 units (SEC Form 4)

      4 - TEJON RANCH CO (0000096869) (Issuer)

      7/18/25 11:28:03 AM ET
      $TRC
      Real Estate
      Finance
    • Director Winer Michael H was granted 630 units of Tejon Ranch Co. Common Stock, increasing direct ownership by 2% to 31,272 units (SEC Form 4)

      4 - TEJON RANCH CO (0000096869) (Issuer)

      7/18/25 11:27:17 AM ET
      $TRC
      Real Estate
      Finance

    $TCBK
    $TRC
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Strathmore Capital Calls on Tejon Ranch to Significantly Reduce G&A and Prioritize Free Cash Flow

      WELLINGTON, Fla., July 24, 2025 /PRNewswire/ -- Strathmore Capital, Inc. ("Strathmore" or "we"), a long-term shareholder of Tejon Ranch Co. (NYSE:TRC) ("Tejon"), today issued the following letter urging Tejon's Board of Directors to Enable CEO Matthew Walker to Significantly Reduce G&A and Prioritize Free Cash Flow Production. Dear Tejon Ranch Board of Directors, Strathmore Capital, a long-term TRC shareholder, commends CEO Matthew Walker's recent decision to appoint an existing employee as interim CFO, a prudent step toward reducing executive overhead at Tejon. This action signals an initial step to fiscal responsibility, which we applaud. However, we believe additional substantial reducti

      7/24/25 8:30:00 AM ET
      $TRC
      Real Estate
      Finance
    • TriCo Bancshares Reports Second Quarter 2025 Net Income of $27.5 Million, Diluted EPS of $0.84 2Q25

      2Q25 Financial Highlights Net income was $27.5 million or $0.84 per diluted share as compared to $26.4 million or $0.80 per diluted share in the trailing quarter Net interest income (FTE) was $86.8 million, an increase of $4.0 million or 4.82% over the trailing quarter; net interest margin (FTE) was 3.88% in the recent quarter, an increase of 15 basis points over 3.73% in the trailing quarter Loan balances increased $138.2 million or 8.1% (annualized) from the trailing quarter and increased $216.5 million or 3.2% from the same quarter of the prior year Deposit balances increased $170.5 million or 8.3% (annualized) from the trailing quarter and increased $325.6 million or 4.0% fr

      7/24/25 6:00:00 AM ET
      $TCBK
      Major Banks
      Finance
    • Glenbrook Questions the Unexplained and Abrupt Departure of Tejon CFO

      Recent Form 8-K Filing Indicates that Tisch and Bielli Led Board Has Learned Nothing about Disclosure and Transparency from the Company's Recent Proxy Fight Urges Tejon Ranch's Board of Directors to Disclose Full Details Surrounding Brett Brown's Departure   Calls on Tejon's Independent Directors to Follow the Recommendations of Leading Proxy Advisory Firms in Adopting PFS Trusts Shareholder Proposal that Received 49.3% of the Vote PALO ALTO, Calif., July 16, 2025 /PRNewswire/ -- Glenbrook Capital Management ("Glenbrook" or "we"), a long-time shareholder of Tejon Ranch Co. (NYSE:TRC) ("Tejon" or the "Company") with more than 300,000 shares of Tejon, made the following statement regarding th

      7/16/25 5:30:00 AM ET
      $TRC
      Real Estate
      Finance

    $TCBK
    $TRC
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • Towerview Llc bought $200,847 worth of shares (12,673 units at $15.85), increasing direct ownership by 0.33% to 3,845,500 units (SEC Form 4)

      4 - TEJON RANCH CO (0000096869) (Issuer)

      9/27/23 4:28:39 PM ET
      $TRC
      Real Estate
      Finance

    $TCBK
    $TRC
    SEC Filings

    See more
    • TriCo Bancshares filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Financial Statements and Exhibits

      8-K - TRICO BANCSHARES / (0000356171) (Filer)

      7/24/25 6:03:28 AM ET
      $TCBK
      Major Banks
      Finance
    • SEC Form 8-K filed by Tejon Ranch Co

      8-K - TEJON RANCH CO (0000096869) (Filer)

      7/17/25 3:49:00 PM ET
      $TRC
      Real Estate
      Finance
    • SEC Form 8-K filed by Tejon Ranch Co

      8-K - TEJON RANCH CO (0000096869) (Filer)

      7/11/25 1:15:51 PM ET
      $TRC
      Real Estate
      Finance

    $TCBK
    $TRC
    Leadership Updates

    Live Leadership Updates

    See more
    • Tejon Ranch Co. Files Investor Presentation Highlighting Strategy for Significant Long-Term Value Creation

      Tejon's Board Continues to Take Decisive Strategic Steps to Drive the Company's Growth at Tejon Ranch Commerce Center and is Uniquely Positioned to Advance the Value of its Master-Planned Communities Urges Shareholders to Vote "FOR" Only Tejon's Highly Qualified Director Nominees on the Company's WHITE Proxy Card TODAY TEJON RANCH, Calif., April 22, 2025 (GLOBE NEWSWIRE) -- Tejon Ranch Co. (NYSE:TRC), ("Tejon" or the "Company"), a diversified real estate development and agribusiness company, today filed an investor presentation with the U.S. Securities and Exchange Commission in connection with its upcoming Annual Meeting of Shareholders (the "Annual Meeting") to be held on May 1

      4/22/25 9:15:41 AM ET
      $TRC
      Real Estate
      Finance
    • Tejon Ranch Co. Reiterates Commitment to Shareholder Value Creation and Highlights Successful Execution of Long-Term Operating Strategy

      Files Definitive Proxy Materials and Mails Letter to Shareholders Urges Shareholders to Vote "FOR" Only Tejon's Highly Qualified Director Nominees on the WHITE Proxy Card TODAY TEJON RANCH, Calif., April 03, 2025 (GLOBE NEWSWIRE) -- Tejon Ranch Co. (NYSE:TRC), ("Tejon" or the "Company"), a diversified real estate development and agribusiness company, today filed definitive proxy materials with the Securities and Exchange Commission in connection with its upcoming Annual Meeting of Shareholders (the "Annual Meeting") to be held on May 13, 2025. Shareholders of record as of the close of business on March 17, 2025, are entitled to vote at the Annual Meeting. Tejon is also mailing a letter

      4/3/25 4:15:03 PM ET
      $TRC
      Real Estate
      Finance
    • Tejon Ranch Company Announces Appointment of New President & CEO

      TEJON RANCH, Calif., Feb. 11, 2025 (GLOBE NEWSWIRE) -- Today, the Board of Directors for the Tejon Ranch Company (NYSE:TRC) announced the unanimous selection of Matthew (Matt) Walker as the company's next President and CEO. Walker will join the company as of March 6, 2025 as a Chief Operating Officer, becoming President & CEO as of March 31, 2025. Walker succeeds Gregory S. Bielli, who previously announced his retirement in March of 2024, after joining the company in 2013. Walker's selection capstones a nationwide search led by an ad-hoc committee of the company's Board of Directors. Mr. Walker comes to Tejon Ranch following a distinguished 24-year career at Los Angeles-based real estate

      2/11/25 9:15:00 AM ET
      $TRC
      Real Estate
      Finance

    $TCBK
    $TRC
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • TriCo Bancshares downgraded by DA Davidson with a new price target

      DA Davidson downgraded TriCo Bancshares from Buy to Neutral and set a new price target of $53.00 from $50.00 previously

      11/12/24 7:51:52 AM ET
      $TCBK
      Major Banks
      Finance
    • TriCo Bancshares downgraded by Janney

      Janney downgraded TriCo Bancshares from Buy to Neutral

      7/26/24 8:10:54 AM ET
      $TCBK
      Major Banks
      Finance
    • TriCo Bancshares upgraded by Stephens with a new price target

      Stephens upgraded TriCo Bancshares from Equal-Weight to Overweight and set a new price target of $48.00 from $46.00 previously

      5/11/22 7:28:23 AM ET
      $TCBK
      Major Banks
      Finance

    $TCBK
    $TRC
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • Amendment: SEC Form SC 13G/A filed by Tejon Ranch Co

      SC 13G/A - TEJON RANCH CO (0000096869) (Subject)

      11/12/24 5:55:02 PM ET
      $TRC
      Real Estate
      Finance
    • Amendment: SEC Form SC 13G/A filed by TriCo Bancshares

      SC 13G/A - TRICO BANCSHARES / (0000356171) (Subject)

      11/12/24 10:34:15 AM ET
      $TCBK
      Major Banks
      Finance
    • Amendment: SEC Form SC 13G/A filed by Tejon Ranch Co

      SC 13G/A - TEJON RANCH CO (0000096869) (Subject)

      11/4/24 1:55:07 PM ET
      $TRC
      Real Estate
      Finance

    $TCBK
    $TRC
    Financials

    Live finance-specific insights

    See more
    • TriCo Bancshares Reports Second Quarter 2025 Net Income of $27.5 Million, Diluted EPS of $0.84 2Q25

      2Q25 Financial Highlights Net income was $27.5 million or $0.84 per diluted share as compared to $26.4 million or $0.80 per diluted share in the trailing quarter Net interest income (FTE) was $86.8 million, an increase of $4.0 million or 4.82% over the trailing quarter; net interest margin (FTE) was 3.88% in the recent quarter, an increase of 15 basis points over 3.73% in the trailing quarter Loan balances increased $138.2 million or 8.1% (annualized) from the trailing quarter and increased $216.5 million or 3.2% from the same quarter of the prior year Deposit balances increased $170.5 million or 8.3% (annualized) from the trailing quarter and increased $325.6 million or 4.0% fr

      7/24/25 6:00:00 AM ET
      $TCBK
      Major Banks
      Finance
    • TriCo Bancshares Announces Quarterly Cash Dividend

      The Board of Directors of TriCo Bancshares (NASDAQ:TCBK) (the "Company"), parent company of Tri Counties Bank, declared a quarterly cash dividend of $0.33 (thirty-three cents) per share on its common stock, no par value on May 22, 2025. The dividend is payable on June 20, 2025, to holders of record on June 6, 2025. Established in 1975, Tri Counties Bank is a wholly-owned subsidiary of TriCo Bancshares (NASDAQ:TCBK) headquartered in Chico, California, with assets of nearly $10 billion and 50 years of financial stability. Tri Counties Bank is dedicated to providing exceptional service for individuals and businesses throughout California with a unique brand of customer focused Service with S

      5/27/25 3:30:00 PM ET
      $TCBK
      Major Banks
      Finance
    • TriCo Bancshares Reports First Quarter 2025 Net Income of $26.4 Million, Diluted EPS of $0.80

      1Q25 Financial Highlights   Net income was $26.4 million or $0.80 per diluted share as compared to $29.0 million or $0.88 per diluted share in the trailing quarter Net interest margin (FTE) was 3.73% in the recent quarter, a decrease of 3 basis points over 3.76% in the trailing quarter; net interest income (FTE) was $82.8 million, a decrease of $1.5 million over the trailing quarter Loan balances increased $52.3 million or 3.1% (annualized) from the trailing quarter and increased $20.1 million or 0.3% from the same quarter of the prior year Deposit balances increased $117.8 million or 5.8% (annualized) from the trailing quarter and increased $217.7 million or 2.7% from the same qu

      4/24/25 7:00:00 AM ET
      $TCBK
      Major Banks
      Finance