FAQ: CMUV Bancorp's Sale of Assets to Frontwave Credit Union and Subsequent Dissolution

What is the main announcement from CMUV Bancorp?

CMUV Bancorp announced it has received the necessary regulatory and corporate approvals to sell the assets and assume the liabilities of Community Valley Bank to Frontwave Credit Union, followed by the dissolution of both the bank and CMUV Bancorp.

How much will shareholders receive per share?

Shareholders are expected to receive approximately $25.00 per share, subject to adjustment for costs and expenses associated with the dissolutions.

When will the first distribution to shareholders occur?

The first distribution is anticipated to occur following the completion of the asset sale, expected on or about September 30, 2025, subject to customary closing conditions.

What will happen to CMUV Bancorp’s common stock?

The Company’s common stock will no longer trade or be quoted on the OTCQB beginning on or about September 23, 2025, and will thereafter represent only the right to receive distributions.

Who is involved in this transaction?

The transaction involves CMUV Bancorp, Community Valley Bank, and Frontwave Credit Union, with shareholders of CMUV Bancorp being directly affected.

What are the forward-looking statements mentioned in the document?

Forward-looking statements are based on current beliefs and assumptions of the Company’s management, with no guarantee that the transaction will be completed as described or that distributions to shareholders will occur as anticipated.

How can shareholders ensure they receive distributions?

Shareholders must comply with the transmittal procedures to receive distributions.

Who can I contact for more information?

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

Where can I view the original release?

The original release can be viewed on www.newmediawire.com at the provided link.