Pub. 15 2018 Issue 3

Issue 3 • 2018 25 O V E R A C E N T U R Y : B U I L D I N G B E T T E R B A N K S - H E L P I N G N E W M E X I C O R E A L I Z E D R E A M S BANK NEWS and served on the board of directors for Farmington Boys and Girls Club. “These two will become vital additions to our current team and their involvement and direction will solidify the bank’s future,” said Sheila Mathews, Four Corners Commu - nity Bank president and CEO. Four Corners Community Bank serves the Four Corners region-where New Mexico, Arizona, Utah and Colorado intersect with seven locations. Four Corners Community Bank Welcomes Archuleta to Cortez Lending Team Farmington-based Four Corners Community Bank has added Belinda Archuleta to its Cortez lending team. She has 37 years of experience. Prior to joining Four Cor - ners Community Bank, she was assistant vice president and branch manager at Bank of the West and Bank of the Southwest. Archuleta is familiar with consumer and commercial loans, such as unsecured vehicle, motorcycle, boat, RV, investment property, apartments, equipment and revolving lines of credit. She attended the Western States School of Banking through New Mexico State University. BayCom Corp and Bethlehem Financial Corp. Announce Definitive Merger Agreement On August 13, Walnut Creek, California-based Baycom Corp., the holding company for United Business Bank (UBB, and Belen-based Bethlehem Financial Corp. (BFC), parent company of MyBank) announced the signing of an agreement and plan of merger under which BayCom has agreed to acquire 100 percent of the common stock of BFC for cash consideration of $23.5 million or $62 per share. Upon closing, which is expected to occur in the fourth quarter of 2018, MyBank will be merged into UBB. The transaction will expand Baycom Corp’s presence in the Al - buquerque metropolitan area and provide entry into nearby communities. MyBank serves central New Mexico through five branches in Belen, Rio Communities, Los Lunas, Albu - querque and Mountainair. As of June 30, BFC had approximately $156.6 million in assets, $79.4 million in loans, $136.2 million in deposits and $16.1 million in stockholder’s equity. Upon comple - tion of the transaction, the combined company will have approximately $1.5 billion in total assets, $993 million in total loans and $1.3 billion in total deposits. UBB will have 14 locations in California, two in Washington and six in New Mexico. “At the end of the day, our business is only as good as our people, and we are looking forward to having the MyBank team join the United Business Bank family,” said George Guarini, president and CEO of UBB. “Ed Robertson (BFC president and CEO) and his team built a solid franchise that we believe we can leverage with additional products, capital and increased lending limits.” Pioneer Bank Employees Earn President’s Volunteer Service Awards In 2017, Roswell-based Pioneer Bank launched its Team Pioneer program, making the company and its employees available to nonprofits in need of financial and/or volunteer IN MEMORIAM Jennifer (Gray) Whitlock (1964-2018) The banking industry lost a great friend in July. Jen - nifer Whitlock, 53, of Clovis, died July 2, 2018, at Plains Regional Medical Center. Jennifer was born July 3, 1964, in Lubbock, Texas to Jack and Seliece Cartwright Gray. She married Larry Whitlock on July 26, 1986, in the Cannon AFB Chapel. She was a graduate of ENMU and Southwestern School of Banking in Dallas, Texas. She was the Senior Vice President and Board Director of the Bank of Clovis. Jennifer enjoyed arts and crafts, motor - cycle riding and swimming. She loved gardening, NA - SCAR, and her English bulldog “Deuce”. She is survived by her husband, Larry, and her parents, Jack and Seliece Gray of Ruidoso.