CMUV Bancorp, Inc. has reached a pivotal moment as its shareholders voted in favor of the sale of Community Valley Bank's assets and liabilities to Frontwave Credit Union, alongside the subsequent dissolution of the company. This decision, made during a Special Meeting on July 15, 2025, sets the stage for shareholders to receive cash distributions estimated at $25.00 per share, as detailed in the June 5, 2025, Proxy Statement.
The transaction, pending regulatory approvals, is anticipated to close around September 30, 2025. Shareholders are advised to prepare for the distribution process by locating their stock certificates if held directly through Computershare, with transmittal materials expected to be sent out in the coming weeks. Those holding shares via 'book entry' or through a broker are exempt from this requirement.
Notably, the company will not issue third-quarter dividends for 2025, as these amounts will be incorporated into the final distributions to shareholders. This move underscores the company's commitment to ensuring a smooth transition for its investors during this significant corporate restructuring.
