CBOA Financial, Inc.
CBOF
Other OTC2.27
USD
-0.03
- -
CBOA Financial, Inc.
CBOF
(Other OTC)
Recent
price
2.27
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- CBOA Financial, Inc. (CBOF) serves as the holding company for Commerce Bank of Arizona, a full-service community bank offering personal and business banking products including checking and savings accounts; small business administration, business term, equipment, commercial real estate, construction, and home mortgage loans; lines of credit; electronic and telephone banking; remote deposit capture; ACH and wire services; merchant card services; zero balance accounts; and debit cards, primarily targeting small- to mid-sized businesses and real estate professionals in Arizona. Founded in 2002 and headquartered in Tucson, Arizona, at 7315 North Oracle Road, Suite 181, the company operates through its subsidiary bank with a focus on commercial lending solutions such as U.S. Small Business Administration financing. In March 2024, Bancorp 34, Inc. completed the acquisition of CBOA Financial, Inc. for approximately $28 million in a stock-for-stock transaction valuing Commerce shareholders at 0.24 shares of Bancorp 34 common stock per CBOA share, resulting in the merger of Commerce Bank of Arizona into Bank 34 with the combined entity rebranding as Southwest Heritage Bank in late March 2024 to reflect expanded operations across Arizona and New Mexico.