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PHOENIX BUSINESS JOURNAL: Scottsdale-based Bank 34 looks to merge with Commerce Bank of Arizona

April 28, 2023

Two Arizona-based financial institutions have agreed to a merger that will create what they describe as one of the largest community banks headquartered in the state.

Scottsdale-based Bancorp 34 Inc. (OTC: BCTF), the parent company of Bank 34, entered a merger agreement with CBOA Financial Inc. (OTC: CBOF), parent company of Commerce Bank of Arizona, headquartered in Tucson, the two financial institutions announced Thursday.

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