BayCom Corp Appoints Michael J. Perdue as New Director: Strategic Move for Growth

BayCom Corp (NASDAQ: BCML), the holding company for United Business Bank, has announced the appointment of Michael J. Perdue as a director, effective April 22, 2026. This move reflects the company’s ongoing commitment to strengthening its board with experienced leaders as it continues its strategic expansion in Southern California and other markets.

Key Highlights of the Appointment

• Michael J. Perdue’s Credentials: Mr. Perdue is a widely recognized community banking leader with over 40 years of leadership experience in commercial banking, operational management, and public company governance.
• Track Record: He most recently served as President of Pacific Western Bank’s San Diego and Desert Region following PacWest Bancorp’s acquisition of First Community Bancorp. Prior to that, he was President of First Community Bancorp and Pacific Western Bank, and also served as President, CEO, and Director of Community Bancorp Inc. (NASDAQ: CMBC), leading the company through significant growth and strategic acquisitions before its sale.
• Reputation: Mr. Perdue is known for disciplined operations, strong stewardship of shareholder capital, and a people-first approach. His experience in building, acquiring, and integrating community banks across Southern California is directly relevant to BayCom’s current strategic trajectory.

Management Commentary

• Lloyd Kendall, Chairman of the Board: Emphasized that Mr. Perdue is “exactly the caliber of director” that reflects BayCom’s mission. He highlighted Perdue’s proven track record as a CEO, operator, and public company leader, and expects his judgment to be invaluable as BayCom executes its strategy.
• Bill Black, Executive Vice Chairman: Noted Perdue’s consistency and integrity in building enduring franchises. He described Perdue as a mentor and colleague and stated that shareholders, employees, and clients will benefit from his addition to the board.
• Christopher Baron, Chief Executive Officer: Pointed out Perdue’s combination of operating discipline and local market knowledge, which is particularly relevant as BayCom grows in Southern California. His experience in building and integrating banks in this region will have an immediate impact in the boardroom.

Implications for Shareholders

• Strategic Direction: Perdue’s appointment strengthens BayCom’s leadership at a time when the company is focused on growth and expansion, particularly in Southern California. This could enhance investor confidence in BayCom’s ability to execute its strategy and integrate acquisitions successfully.
• Potential Impact on Share Value: The addition of a highly respected leader with deep market knowledge and proven management skills could be seen as a positive catalyst for BayCom’s share value. Investors may interpret this as a signal of future growth and organizational stability.
• Commitment to Leadership Quality: The board’s ongoing efforts to assemble a leadership team of exceptional caliber are highlighted as a clear signal of BayCom’s ambitions. Management’s statements suggest the company is positioning itself for further expansion and value creation.

About BayCom Corp

BayCom Corp, through United Business Bank, offers a comprehensive suite of loan products—including SBA, CalCAP, FSA, and USDA guaranteed loans—and deposit services to businesses and affiliates in California, Washington, New Mexico, and Colorado. The bank is an Equal Housing Lender and a member of the FDIC. BayCom Corp’s common stock is traded on NASDAQ under the ticker “BCML.” For more information, visit www.unitedbusinessbank.com.

Forward-Looking Statements and Risks

This announcement includes “forward-looking statements” regarding BayCom Corp’s strategic plans and management transitions. These statements are subject to risks and uncertainties, including the company’s ability to execute its management transition successfully, retain key employees and clients, and achieve its strategic objectives. Investors should exercise caution and not place undue reliance on these statements. BayCom Corp does not undertake to update forward-looking statements except as required by law.

Contact

BayCom Corp
Kevin L. Thompson, 925-476-1800
Email: [email protected]

Disclaimer: This article is for informational purposes only and does not constitute investment advice or a recommendation to buy or sell any securities. Investors should conduct their own research and consult with financial advisors before making investment decisions. The information presented reflects the press release and management statements as of April 23, 2026, and may be subject to change.

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