Exhibit 99.1


Press Release


BayCom Corp Reports 2019 First Quarter Earnings of $4.9 Million


WALNUT CREEK, CA, April 29, 2019--(Business Wire)—BayCom Corp (the “Company”) (NASDAQ:BCML), the holding company for United Business Bank (the “Bank”), announced earnings of $4.9 million, or $0.45 per diluted share, for the first quarter of 2019 compared to earnings of $2.6 million or $0.24 per diluted share, for the fourth quarter of 2018, and $4.1 million, or $0.54 per diluted share, for the first quarter of 2018. Earnings for the first quarter of 2019 increased $2.3 million, or 88.8%, as a result of a $1.0 million increase in net interest income, $485,000 increase in non-interest income and a $1.7 million decrease in non-interest expense compared to the prior quarter. The prior quarter included $2.3 million in merger related expenses in connection with our acquisition of Bethlehem Financial Corporation (“BFC”), and its wholly owned bank subsidiary, MyBank, in November 2018 (the “BFC Acquisition”).


Proposed Acquisition of Uniti Financial Corporation


On December 7, 2018, the Company entered into a definitive agreement with Uniti Financial Corporation (“UFC”), the holding company for Uniti Bank, which is headquartered in Buena Park, California. Pursuant to the merger agreement UFC will merge with and into the Company, with the Company as the surviving corporation in the merger. Immediately after the merger, Uniti Bank, a California state-chartered bank and wholly owned subsidiary of UFC, will merge with and into the Bank, with the Bank as the surviving bank. The transaction was unanimously approved and adopted by the Board of Directors of each company and is expected to be completed in the second calendar quarter of 2019, subject to customary closing conditions, regulatory approval, and approval of UFC’s shareholders.


Under the terms of the merger agreement, holders of UFC common stock will receive (i) $2.30 in cash and (ii) 0.07234 shares of Company common stock for each share of UFC common stock. The aggregate consideration was valued at approximately $63.9 million based on the closing price of the Company’s common stock of $23.39 on December 7, 2018. The total value of the transaction will fluctuate until closing based on the value of the Company’s common stock price. Upon consummation of the transaction, the shareholders of UFC will own approximately 9.3% of the Company. At March 31, 2019, UFC had approximately $329.3 million in total assets, $277.0 million in loans, $278.6 million in total deposits and $48.6 million in shareholders’ equity.


George J. Guarini, President and Chief Executive Officer of the Company stated, “Our pending Uniti Bank acquisition is expected to close in the second quarter of 2019 and we continue to actively look for new opportunities to expand our geographical market reach, build market penetration, add value for our clients and increase earnings per share for our shareholders.”


Mr. Guarini, continued, “We continue to believe in our focus of growth through strategic acquisitions which expands our market reach and allows us to retain local lending personnel and credit administration personnel to manage existing client relationships and participate in the evaluation of prospective clients. This strategy allows us to continue to this practice at a measured pace while maintaining discipline in staying within our credit risk tolerances without sacrificing growth in our EPS. We believe this approach will allow us to continue to maintain the reputation we have earned since the day we opened our doors in 2004, as solid stewards of the Company’s capital.”


First Quarter Performance Highlights:


·Assets totaled $1.5 billion at both March 31, 2019 and December 31, 2018 compared to $1.2 billion at March 31, 2018. The increase from the same period in 2018 is due primarily to the BFC Acquisition.


·Net interest margin was 4.30% for the current quarter, compared to 4.16% in the preceding quarter and 4.28% in the first quarter a year ago.


·Loans, net of deferred fees, totaled $965.0 million at March 31, 2019, compared to $975.3 million at December 31, 2018 and $890.6 million at March 31, 2018.


The following information was filed by Baycom Corp (BCML) on Monday, April 29, 2019 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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