Who Owns United Business Bank Company?

Who Owns United Business Bank?

Understanding United Business Bank's ownership is key to grasping its strategic direction. A significant shift occurred in April 2017 with its merger with First ULB Corp, leading to the adoption of the 'United Business Bank' name by Bay Commercial Bank.

This merger fundamentally altered the bank's structure and market presence. As of July 2025, United Business Bank operates as a subsidiary of BayCom Corp (NASDAQ: BCML), a publicly traded entity.

Who owns United Business Bank?

United Business Bank, established in 1990 and formerly known as Bay Commercial Bank, is headquartered in Walnut Creek, California. As of July 2025, its parent company, BayCom Corp, has a market capitalization of $0.30 billion USD, with 10.9 million shares outstanding. The bank reported trailing 12-month revenue of $98 million as of June 30, 2025, and holds total assets amounting to approximately $2.62 billion USD. Investors interested in its financial performance can analyze its United Business Bank BCG Matrix.

United Business Bank, established in 1990, was founded by a group of individuals with a shared vision for a business-focused financial institution. Key figures in its early development include George J. Guarini, who served as Founding Director and CEO, Lloyd W. Kendall, Jr., Chairman of the Board and Founding Director, and Robert G. Laverne, another Founding Director. These individuals brought diverse expertise to the bank's inception.

Founding Vision

The founders aimed to create a bank offering 'best in class' services tailored for a dynamic business environment. Their collective goal was to serve small to mid-sized businesses and professional entities.

George J. Guarini's Role

George J. Guarini brought over 35 years of banking industry experience to the venture. His leadership was instrumental in shaping the bank's initial direction and operational philosophy.

Lloyd W. Kendall, Jr.'s Contribution

Lloyd W. Kendall, Jr., a lawyer with expertise in real estate and tax law, contributed significantly. His background included forming and owning Lawyers Asset Management, Inc.

Robert G. Laverne's Involvement

Robert G. Laverne, an anesthesiologist and founder of New Horizons Properties, LLC, also played a key role. His experience in property development added another dimension to the founding team.

Corporate Evolution

The bank was incorporated in 2004 as Bay Commercial Bank and later changed its name to BayCom Corp in January 2017. This rebranding reflects the ongoing development and growth initiated by its founders.

Early Ownership Details

Specific initial equity splits or shareholding percentages for the founders are not publicly detailed. However, their unified focus was on establishing a market presence for serving specific client segments.

The founders' collective aim was to establish a financial institution specifically designed to cater to the needs of small to mid-sized businesses, professional firms, real estate professionals, nonprofit organizations, and individuals. This strategic focus guided the bank's early development and its approach to providing personalized financial solutions, as highlighted in the Target Market of United Business Bank. While detailed early agreements and notable backers are not extensively documented, the emphasis on 'best in class' offerings suggests a cohesive strategy among the founding members to position the bank effectively in its chosen markets.

Founding Directors and Their Expertise

The foundational leadership of United Business Bank comprised individuals with diverse professional backgrounds, contributing to a well-rounded approach to establishing the institution.

• George J. Guarini: Founding Director and CEO, bringing over 35 years of banking industry experience.
• Lloyd W. Kendall, Jr.: Chairman of the Board and Founding Director, a lawyer specializing in real estate and tax law.
• Robert G. Laverne: Founding Director, an anesthesiologist and founder of a property development company.

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The ownership structure of United Business Bank has evolved significantly, notably with its transition to a publicly traded entity under its parent company, BayCom Corp. This move has opened the door for a wider range of investors to participate in the bank's growth and development.

BayCom Corp, the holding company for United Business Bank, is publicly traded on NASDAQ under the ticker symbol BCML. This public status allows for broader investor participation. As of August 1, 2025, the stock was trading at $26.75, with a market capitalization of $293 million and 10.9 million shares outstanding. This structure is key to understanding United Business Bank ownership. Major stakeholders include institutional investors like Patriot Financial Partners and Assenagon Asset Management, indicating significant financial backing. The bank's growth strategy has involved several acquisitions, including Pacific Enterprise Bank in February 2022, First State Bank of Colorado, and Uniti Bank. These moves have expanded its operational presence across California, Colorado, Nevada, New Mexico, and Washington, impacting its overall corporate structure and market reach.

Key Stakeholders and Growth Strategy

Understanding who owns United Business Bank involves looking at its parent company and its major investors. The bank's strategic acquisitions have been pivotal in its expansion.

• BayCom Corp is the publicly traded parent company of United Business Bank.
• Major institutional investors include Patriot Financial Partners and Assenagon Asset Management.
• The bank has completed four acquisitions to date.
• Recent acquisitions have expanded its geographical footprint significantly.
• These strategic moves impact the bank's client base and service offerings.

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The Board of Directors for United Business Bank, which operates under its holding company BayCom Corp, comprises individuals with significant banking and financial backgrounds. As of July 2025, key figures include Founding Director and CEO George J. Guarini, and Chairman of the Board and Founding Director Lloyd W. Kendall, Jr. Robert G. Laverne is also a Founding Director.

The current composition of the board reflects a blend of foundational leadership and new expertise, with recent additions aimed at strengthening governance and strategic oversight. The appointments of Bhupen B. Amin and Dennis Guida to the BayCom Corp Board of Directors, effective November 1, 2024, following James S. Camp's retirement, highlight this ongoing board refreshment. While detailed information on specific voting power structures, such as dual-class shares, is not publicly available, the continued presence of founding directors in key leadership roles suggests a strong influence on the company's strategic direction and adherence to its original vision. Typically, publicly traded companies operate under a one-share-one-vote principle, but any deviations would be detailed in SEC filings.

Board Governance and Influence

The United Business Bank company owner structure is influenced by its board. Key directors bring diverse expertise to guide strategic decisions.

• Founding directors maintain significant influence.
• Recent board appointments enhance governance.
• The board composition impacts strategic direction.
• Understanding the Marketing Strategy of United Business Bank provides context for board decisions.

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Over the past few years, the ownership landscape of United Business Bank has been shaped by strategic expansion and evolving corporate governance, reflecting broader trends within the financial sector.

BayCom Corp, the parent company of United Business Bank, has actively pursued a growth strategy through acquisitions. This approach has led to the integration of entities like Pacific Enterprise Bank in February 2022, First State Bank of Colorado, and Uniti Bank. As of June 30, 2025, BayCom Corp reported trailing 12-month revenue of $98 million and total assets amounting to approximately $2.62 billion. The bank's corporate structure has also seen recent adjustments with the addition of Bhupen B. Amin and Dennis Guida to its board of directors in November 2024, signaling a dynamic approach to its leadership and oversight.

Strategic Acquisitions Drive Growth

United Business Bank, under its parent company BayCom Corp, has focused on expanding its market footprint and service capabilities through key acquisitions. This strategy aligns with industry trends favoring consolidation within the banking sector.

Evolving Governance Structure

Recent appointments to the board of directors indicate a continuous evolution in the bank's corporate governance. These changes are part of an ongoing effort to strengthen leadership and strategic direction.

Publicly Traded Status and Market Influence

As a publicly traded entity (BCML on NASDAQ), United Business Bank is influenced by broader market dynamics affecting banking sector ownership. This status provides transparency regarding its stock ownership and financial performance.

Focus on Small and Medium Businesses

The bank's continued commitment to serving small and medium-sized businesses, coupled with its expansion through mergers, highlights a deliberate strategy to maintain and enhance its competitive position in the market.

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