Stinson Attorneys Represent Grand Mountain Bancshares, Inc. in Acquisition by BayCom Corp.
Stinson LLP acted as legal counsel to Colorado-based Grand Mountain Bancshares, Inc. (GMB), the holding company for Grand Mountain Bank FSB in its acquisition by BayCom Corp., the holding company for United Business Bank. The merger was announced on November 4, with Grand Mountain Bank being merged into United Business Bank.
As of September 30, GMB had approximately $130.6 million in assets and four location across Grand and Summit counties. The transaction, which is expected to close in the first quarter of 2020, will increase lending capabilities and expand capital resources for customers.