---
schema_version: "secwatch.filing_event.v1"
accession: "0000356171-22-000023"
form_type: "8-K"
ticker: "TCBK"
cik: "0000356171"
company_name: "TRICO BANCSHARES /"
filed_at: "2022-03-28T23:59:59+00:00"
generated_at: "2026-06-26T16:44:00.245300+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# TriCo Bancshares completes merger with Valley Republic; issues ~4.1M shares; resumes buyback

## Summary
- Merger consideration: 0.95 TriCo shares per Valley share; total deal valued at ~$173.7M (excl. options).
- Combined company anticipates ~$10.1B total assets after the merger.
- TriCo issued ~4.1M shares; former Valley shareholders own ~12% of outstanding shares.
- Appoints Anthony L. Leggio, former Valley director, to TriCo and Tri Counties Bank boards.
- Resumes stock repurchase plan, authorizing up to 1,936,683 additional shares.

## SEC filing metadata
- accession: 0000356171-22-000023
- form_type: 8-K
- ticker: TCBK
- cik: 0000356171
- company_name: TRICO BANCSHARES /
- filed_at: 2022-03-28T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/356171/000035617122000023/0000356171-22-000023-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/356171/000035617122000023/tcbk-20220328.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000356171-22-000023
- JSON: https://secwatch.observer/filing/0000356171-22-000023.json
- Plain text: https://secwatch.observer/filing/0000356171-22-000023.txt

## Key facts
- Executive change
  Anthony Leggio was appointed as Director at TRICO BANCSHARES /.
  - Action: appointed
  - Role: Director
  source text: Pursuant to the terms of the Merger Agreement, on March 25, 2022, one member of VRB's board of directors, Anthony Leggio, was appointed to the board of directors of each of TriCo and Tri Counties Bank, to serve until the next annual meeting of shareholders of TriCo or Tri Counties Bank, as the case may be, subject to his death, resignation or removal from office.
  evidence_url: https://www.sec.gov/Archives/edgar/data/356171/000035617122000023/0000356171-22-000023-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.