CMUV Bancorp Secures Regulatory Approval for Asset Sale to Frontwave Credit Union

CMUV Bancorp has reached a pivotal milestone with the receipt of regulatory approvals necessary for the sale of Community Valley Bank's assets and the assumption of its liabilities by Frontwave Credit Union. This development paves the way for the subsequent dissolution of both Community Valley Bank and CMUV Bancorp, a process that has also garnered the requisite corporate approvals. Shareholders of CMUV Bancorp are poised to receive approximately $25.00 per share, a figure that may be adjusted to account for dissolution-related costs and expenses. The distribution of payments to shareholders will be conducted in several phases, commencing shortly after the anticipated completion of the asset sale around September 30, 2025, contingent upon the fulfillment of standard closing conditions.

The transaction signifies a notable transition for CMUV Bancorp, as it plans to cease the trading and quotation of its common stock on the OTCQB by approximately September 23, 2025, concurrently closing its stock records. Post this date, the company's common stock will solely represent the entitlement to receive distributions. This move underscores the final stages of CMUV Bancorp's operational lifecycle, following the asset sale and leading up to its dissolution.

It is important to note that the document contains forward-looking statements, as defined by the Private Securities Litigation Reform Act of 1995. These statements reflect the current beliefs and assumptions of CMUV Bancorp's management, based on the information available at the time. However, there is no guarantee regarding the completion of the transaction with Frontwave Credit Union, the timeline for its conclusion, or the specifics of the distributions to shareholders. For more details, the original release can be viewed on www.newmediawire.com.