FAQ: CMUV Bancorp Special Meeting Results and Shareholder Distribution Details

What was approved at the CMUV Bancorp Special Meeting of Shareholders?

Shareholders approved the sale of assets and assumption of liabilities of Community Valley Bank to Frontwave Credit Union and the subsequent dissolution of CMUV Bancorp.

How much will shareholders receive from the transaction?

Shareholders are expected to receive approximately $25.00 per share, distributed in multiple payments starting after the transaction closes.

When is the first distribution to shareholders expected?

The first distribution is expected shortly after the closing of the sale to Frontwave, anticipated around September 30, 2025, pending regulatory approvals.

What should shareholders do if they hold stock certificates?

Shareholders holding stock certificates should locate them and be ready to submit as they will be needed to receive distributions. Those unable to find their certificates should contact Monica Garcia immediately.

Will there be dividends issued for the third quarter of 2025?

No, the Company will not issue separate dividends for the third quarter of 2025; the amount will be included in the distributions to shareholders from the transaction.

What are the next steps for shareholders after the meeting?

Shareholders should await transmittal materials from Computershare, the exchange agent, which will include instructions for returning stock certificates to receive distributions.

Who should shareholders contact for more information?

For more information, shareholders can contact Jon A Edney at 760-352-1889 or via email at [email protected].