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BayCom Corp director Syvia L. Magid resigns from BCML boards, effective July 22

WALNUT CREEK, Calif., July 24. Syvia L. Magid resigned from the boards of BayCom Corp (Nasdaq: BCML) and United Business Bank on July 22, 2026, the California bank holding company disclosed in a Form 8-K filed with the Securities and Exchange Commission. She notified both boards of her decision on July 21.

By Simone Attah2 min readBCML
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Key takeaways

  • Syvia L. Magid resigned from the boards of BayCom Corp (Nasdaq: BCML) and its wholly owned subsidiary United Business Bank on July 22, 2026.
  • Magid notified both boards of her decision on July 21, 2026, and the resignation took effect the following day.
  • BayCom stated the resignation was not the result of any disagreement with either board or with management at the company or the bank.
  • The departure was disclosed in a Form 8-K filed with the SEC under Item 5.02 on July 24, 2026, signed by EVP, CFO and Secretary Kevin L. Thompson.
  • BayCom Corp is a California-incorporated bank holding company headquartered at 500 Ygnacio Valley Road, Suite 200, Walnut Creek, California 94596.

WALNUT CREEK, Calif., July 24. Syvia L. Magid resigned from the boards of BayCom Corp (Nasdaq: BCML) and United Business Bank on July 22, 2026, the California bank holding company disclosed in a Form 8-K filed with the Securities and Exchange Commission. She notified both boards of her decision on July 21.

Scope of the departure

Magid held director seats on two boards simultaneously: BayCom Corp and United Business Bank, the company's wholly owned banking subsidiary. Her notification came July 21; the resignation took effect the following day. Kevin L. Thompson, BayCom's Executive Vice President, Chief Financial Officer and Secretary, signed the filing on July 24.

No disagreement cited

BayCom stated that Magid's decision was not the result of any disagreement with either board or with management at the company or the bank. The filing provided no additional context beyond that disclosure. The report was filed under Item 5.02 of Form 8-K, which covers departures of directors and certain officers, elections of directors, appointments of certain officers, and compensatory arrangements of certain officers.

Company and filing details

BayCom Corp is incorporated in California and carries Commission File No. 001-38483 on the Nasdaq Stock Market. United Business Bank is listed in the filing as the company's wholly owned subsidiary. The company's principal offices are at 500 Ygnacio Valley Road, Suite 200, Walnut Creek, California 94596.

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Frequently asked

Who resigned from BayCom Corp's board and when?

Syvia L. Magid resigned from the boards of BayCom Corp and United Business Bank effective July 22, 2026, after notifying both boards on July 21.

Was the resignation due to a disagreement?

No, BayCom stated that Magid's decision was not the result of any disagreement with either board or with management at the company or the bank.

Which boards did Magid serve on?

Magid held director seats on two boards simultaneously: BayCom Corp and its wholly owned banking subsidiary, United Business Bank.

How was the resignation disclosed?

It was disclosed in a Form 8-K filed with the SEC under Item 5.02, signed on July 24 by Kevin L. Thompson, BayCom's Executive Vice President, Chief Financial Officer and Secretary.

Where is BayCom Corp located?

BayCom Corp's principal offices are at 500 Ygnacio Valley Road, Suite 200, Walnut Creek, California 94596.