Bancorp 34, Inc. Announces Completion of the Merger Between Bank 34 and Commerce Bank of Arizona

Merger creates a $1 billion in assets commercial bank serving Arizona, and the southern New Mexico / El Paso, Texas markets.

SCOTTSDALE, Ariz., March 19, 2024 /PRNewswire/ -- Bancorp 34, Inc. (OTCQB: BCTF), the parent company for Bank 34, today announced that it has completed its previously announced merger with CBOA Financial, Inc. ("CBOF"), the parent company of Tucson, Arizona based Commerce Bank of Arizona ("Commerce Bank"), effective March 19, 2024.  Also, effective March 19, 2024, Commerce Bank merged into Bank 34.

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