TriCo Bancshares, North Valley Bancorp Announce $178.4M Merger Agreement

TriCo Bancshares (NASDAQ:

) and North Valley Bancorp (NASDAQ:

) today jointly announced that the companies have agreed to combine their two leading northern California bank franchises in a transaction valued at approximately $178.4 million. Based on financial information as of September 30, 2013, the combined company will have approximately $3.5 billion in assets, $3.1 billion in deposits, $2.2 billion in gross loans and approximately 80 branches throughout California -- stretching from Bakersfield in the south to Crescent City in the north.