Market Overview

BayCom Corp and Uniti Financial Corporation Announce Receipt of Regulatory Approvals for Merger


BayCom Corp (NASDAQ:BCML) ("BayCom" or the "Company") and Uniti
Financial Corporation ("Uniti") today jointly announced that the
proposed merger between Uniti and BayCom and BayCom's wholly-owned
banking subsidiary, United Business Bank, and Uniti's wholly-owned bank
subsidiary, Uniti Bank has received the required regulatory approvals
from the Board of Governors of the Federal Reserve System and the
California Department of Business Oversight.

The transaction is expected to close in the second quarter of 2019,
subject to approval of Uniti shareholders and the satisfaction of other
customary closing conditions. Uniti's special meeting of shareholders is
scheduled for May 16, 2019 and proxy materials were mailed to
shareholders as of April 10, 2019.

About BayCom Corp

The Company, through its wholly owned operating subsidiary, United
Business Bank, offers a full-range of loans, including SBA, FSA and USDA
guaranteed loans, and deposit products and services to businesses and
its affiliates in California, Washington and New Mexico. The Bank also
offers business escrow services and facilitates tax free exchanges
through its Bankers Exchange Division. The Bank is an Equal Housing
Lender and a member of FDIC. The Company is traded on the NASDAQ under
the symbol "BCML". At March 31, 2019, United Business Bank had total
assets of approximately $1.5 billion with offices in California,
Washington and New Mexico. More information on BayCom and UBB is
available at

About Uniti Financial Corporation

Uniti Financial Corporation is the holding company of Uniti Bank, a
community bank with three locations in Southern California. More
information on UICF is available at

Important Additional Information and Where to Find It

In connection with the proposed Merger, the Company has filed with the
SEC a registration statement on Form S-4 that includes a proxy statement
of Uniti and a prospectus of the Company, as well as other relevant
documents concerning the proposed transaction. A copy of the definitive
Proxy Statement/Prospectus, along with a form of proxy, has been mailed
to the stockholders of record of Uniti as of April 10, 2019. This
communication is not a substitute for the Proxy Statement/Prospectus or
any other document that the Company may file with the SEC or send to the
stockholders of Uniti regarding the Merger. This communication does not
constitute an offer to sell or the solicitation of an offer to buy any
securities or a solicitation of any vote or approval. WE URGE INVESTORS
and security holders can obtain free copies of the registration
statement on Form S-4 and the related Proxy Statement/Prospectus, as
well as other documents filed with the SEC by the Company through the
web site maintained by the SEC at
These documents also can be obtained free of charge by accessing the
Company's website at
under the tab "Investor Information" and then under "Documents".
Alternatively, these documents filed with the SEC by the Company can be
obtained free of charge by directing a written request to either BayCom
Corp., 500 Ygnacio Valley Road, Suite 200, Walnut Creek, California,
94596, Attn: Agnes Chiu or by calling (925) 476-1843, or to Uniti
Financial Corporation, 6301 Beach Boulevard, Buena Park, California
90621, Attn: Jessica Lee or by calling (714) 736-5700.

Participants in the Transaction

The Company, Uniti and certain of their respective directors and
executive officers may be deemed to be participants in the solicitation
of proxies from the shareholders of Uniti in connection with the
proposed transaction. Information regarding the interests of these
participants and a description of their direct and indirect interests,
by security holdings or otherwise, is included in the Proxy
Statement/Prospectus regarding the Merger. The definitive proxy
statement can be obtained free of charge from the sources described

Forward Looking Statement

This news release contains "forward-looking statements" as defined in
the Private Securities Litigation Reform Act of 1995. When used in this
communication and in other documents filed with or furnished to the SEC,
in press releases or other public stockholder communications, or in oral
statements made with the approval of an authorized executive officer,
the words or phrases "may," "believe," "will," "will likely result,"
"are expected to," "will continue," "is anticipated," "estimate,"
"project," "plans," "potential," or similar expressions are intended to
identify "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Investors and security holders
are cautioned not to place undue reliance on any forward-looking
statements, which speak only as of the date such statements are made.
These statements may relate to future financial performance, strategic
plans or objectives, revenues or earnings projections, or other
financial information. By their nature, these statements are subject to
numerous uncertainties that could cause actual results to differ
materially from those anticipated in the statements. Statements about
the expected timing, completion and effects of the proposed merger and
all other statements in this communication other than historical facts
constitute forward-looking statements.

In addition to factors disclosed in the BayCom's SEC reports, important
factors that could cause actual results to differ materially from the
results anticipated or projected include, but are not limited to, the
following: expected revenues, cost savings, synergies and other benefits
from the proposed merger of BayCom and Uniti ("UIFC Merger") and the
recent merger of Bethlehem Financial Corporation and BayCom might not be
realized within the expected time frames or at all and costs or
difficulties relating to integration matters, including but not limited
to customer and employee retention, might be greater than expected; the
requisite shareholder approval and other closing conditions for the UIFC
Merger may be delayed or may not be obtained or the merger agreement may
be terminated; business disruption may occur following or in connection
with the UIFC Merger; BayCom's or Uniti's businesses may experience
disruptions due to transaction-related uncertainty or other factors
making it more difficult to maintain relationships with employees,
customers, other business partners or governmental entities; the
possibility that the proposed merger is more expensive to complete than
anticipated, including as a result of unexpected factors or events; the
diversion of managements' attention from ongoing business operations and
opportunities as a result of the UIFC Merger or otherwise; future
acquisitions by BayCom of other depository institutions or lines of
business; changes in general economic conditions and conditions within
the securities market; legislative and regulatory changes; fluctuations
in interest rates; the risks of lending and investing activities,
including changes in the level and direction of loan delinquencies and
write-offs and changes in estimates of the adequacy of the allowance for
loan losses; the Company's ability to access cost-effective funding;
fluctuations in real estate values and both residential and commercial
real estate market conditions; demand for loans and deposits in the
Company's market area; increased competitive pressures; changes in
management's business strategies; and other factors described in the
Company's latest Annual Report on Form 10-K and Quarterly Reports on
Form 10-Q and other filings with the Securities and Exchange Commission
("SEC") that are available on our website at
and on the SEC's website at

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