CMUV Bancorp Secures Regulatory Approval for Asset Sale to Frontwave Credit Union

CMUV Bancorp has achieved a pivotal milestone by securing the necessary regulatory and corporate approvals for the sale of Community Valley Bank's assets to Frontwave Credit Union. This transaction, expected to close around September 30, 2025, pending standard closing conditions, signifies a major restructuring move that will lead to the dissolution of both Community Valley Bank and CMUV Bancorp.

Shareholders of CMUV Bancorp are set to receive approximately $25.00 per share, with adjustments possible for costs related to the dissolutions. The distribution will be executed in several phases, commencing after the asset sale's completion. It's crucial for shareholders to adhere to the specified transmittal procedures to be eligible for these distributions.

In preparation for these changes, CMUV Bancorp plans to halt the trading and quoting of its common stock on the OTCQB by September 23, 2025, concurrently closing its stock records. Post this date, the company's stock will solely represent the entitlement to receive the aforementioned distributions.

This development is underscored by forward-looking statements, as defined by the Private Securities Litigation Reform Act of 1995, which caution that the transaction's completion, timing, and shareholder distributions are subject to uncertainties and management's current beliefs and assumptions.

For further details, the original announcement can be viewed on https://www.newmediawire.com.