• A regional business bank, similar to a smaller, community-focused version of U.S. Bank or Comerica Bank.
• Think of it as a community-oriented commercial bank, like a localized version of the business banking arm of PNC Financial Services.
• It's a local and regional bank, much like a scaled-down version of Wells Fargo with a strong emphasis on small and medium-sized businesses.

• Deposit Accounts: Offers various checking, savings, money market, and certificate of deposit accounts for individuals and businesses.
• Commercial Real Estate Loans: Provides financing for the acquisition, refinancing, and development of income-producing commercial and multi-family properties.
• Commercial & Industrial Loans: Extends credit to businesses for operational needs, equipment purchases, and expansion.
• Construction & Land Loans: Funds the construction of residential and commercial properties, as well as land acquisition for development.
• Residential Mortgage Loans: Originates loans for the purchase or refinancing of single-family and multi-family residential properties.
• Consumer Loans: Offers personal loans, such as for automobiles, and other credit products to individuals.

George J. Guarini, President and Chief Executive Officer

Mr. Guarini is a foundational figure at BayCom Corp, serving as its President, Chief Executive Officer, and a Founding Director. His leadership has been instrumental in shaping the company's strategic direction, vision, and overall corporate culture. Mr. Guarini brings more than 30 years of experience in the banking industry, having held key executive and senior-level management positions with national and regional financial institutions. He also played a role in the turnaround of two financial institutions that were operating under a "memorandum of understanding" due to credit quality issues. He co-founded BayCom in July 2004.

Keary L. Colwell, Senior Executive Vice President, Chief Financial Officer, Chief Administrative Officer, Secretary, Treasurer, and Director

Ms. Colwell, a Certified Public Accountant (CPA), has served as the Chief Financial Officer and Corporate Secretary of United Business Bank since its inception in 2004. Her responsibilities encompass all aspects of accounting and finance, including financial reporting, asset-liability management, budgeting, and financial planning, and she oversees the bank's risk management process. Prior to joining United Business Bank, Ms. Colwell was Executive Vice President and Chief Financial Officer of The San Francisco Company and Bank of San Francisco from 1996 until its sale in 2001. She also held the position of Vice President/Senior Financial Management at First Nationwide Bank from 1988-1992.

Janet L. King, Senior Executive Vice President, Chief Operating Officer, and Director

Ms. King has served as the Chief Operating Officer of United Business Bank since its inception in 2004. As a member of the executive management team, she brings over 35 years of banking experience. Before joining the bank, she was the Chief Branch Administrative Officer and part of the executive management team at Circle Bank in Novato, California, from 1999 to 2004, where she was responsible for operations, branch development, human resources, information technology, and compliance. Earlier in her career, Ms. King was the Vice President of Operations for Valencia Bank & Trust.

Lloyd W. Kendall, Jr., Chairman of the Board and Founding Director

Mr. Kendall is a lawyer with a practice in the Bay Area since 1978, specializing in real estate and tax law, particularly tax-free exchanges. He gained significant tax law education through his employment with the U.S. Treasury Department, Internal Revenue Service. He founded and owned Lawyers Asset Management, Inc., which acted as a "Qualified Intermediary" for tax-free exchanges under Section 1031(a) of the Internal Revenue Code, until his company merged with Commercial Capital Bank in 2006. He co-founded BayCom in July 2004.

Mary Therese Curley, Executive Vice President and Director, Labor Service Division; Chief Credit Officer for United Business Bank

Ms. Curley brings extensive expertise in credit administration and the strategic management of business banking operations. Her role in the Labor Service Division focuses on providing specialized financial solutions to businesses for workforce management and employment-related financial needs. As Chief Credit Officer, she is instrumental in overseeing the bank's credit policies, risk assessment, and the overall health of its loan portfolio.

Key Risks to BayCom (BCML)

1. Exposure to Regional Economic Downturns
   BayCom's business is significantly concentrated in specific regional economies, namely California, Colorado, New Mexico, and Washington. A downturn in the national economy or, more acutely, in these particular regional economies, could adversely affect the company's financial performance. Such conditions can lead to reduced loan demand, increased loan delinquencies and charge-offs, and declines in real estate values, all of which would negatively impact BayCom's profitability and asset quality.
2. Credit Risk Associated with Lending Activities, Particularly Construction Loans
   As a financial institution, BayCom is inherently exposed to credit risk from its lending and investing activities. A notable area of elevated risk lies within its construction loan portfolio. Repayment of these loans is often contingent on the successful completion of the underlying projects and the borrower's ability to sell or lease the developed property, rather than solely on the borrower's or guarantor's financial strength. This dependence on real estate market conditions and project success increases the potential for significant losses if projects fail or market conditions deteriorate.
3. Inability to Attract and Retain Key Personnel
   The loss of key employees, particularly those in senior and middle management, represents a material risk to BayCom. These individuals possess specialized skills, deep market knowledge, industry experience, and crucial long-term client relationships. The unexpected departure of such personnel, coupled with the challenges of identifying and hiring qualified replacements on acceptable terms, could materially and adversely affect BayCom's business, financial condition, and results of operations.

The proliferation and increasing adoption of fintech companies and digital-first banks (neobanks) represent a clear emerging threat. These entities leverage advanced technology and agile business models to offer streamlined, often lower-cost, and more convenient banking services, including digital payment solutions, online lending platforms, and high-yield savings accounts. This directly competes with traditional community banks like BayCom for customer relationships, reduces reliance on physical branches, and intensifies competition for deposits and loans.

BayCom Corp (BCML) operates as a bank holding company primarily through its subsidiary, United Business Bank, offering a comprehensive range of financial services to small and mid-sized businesses, service professionals, and individuals. Its main products and services include various loan types and deposit accounts, with operations concentrated in California, Washington, New Mexico, and Colorado.

Addressable Markets for BayCom's Main Products and Services:

• Commercial and Multifamily Real Estate Loans (California): The market size for the Real Estate Loans & Collateralized Debt industry in California is projected to be approximately $62.3 billion in 2025. This market has been experiencing an average annual growth rate of 6.6% from 2020 to 2025.
• Small Business Loans (California): New lending to small businesses in California (through loans of $1 million or less) totaled $45.6 billion in 2021. In 2020, this figure was $60.2 billion. California is home to 4.1 million small businesses, representing 99.8% of all businesses in the state.
• Commercial Banking (California): The Commercial Banking industry in California is estimated to have a market size of $125.7 billion in 2025. This market has shown an average annual growth rate of 7.1% from 2020 to 2025.
• Community Banking (North America): The community banking market in North America, with the United States as the largest contributor, holds approximately 60% of the global market share. The global Community Banking Market was estimated at $16.76 billion in 2024 and is projected to grow to $17.7 billion in 2025, reaching $30.46 billion by 2035, with a compound annual growth rate (CAGR) of 5.58% during this forecast period.

Expected Drivers of Future Revenue Growth for BayCom (BCML)

• Growth in Loan Balances and Yields from Strong Lending and Deposit Activity: BayCom's management has highlighted "solid growth, supported by strong lending and deposit activity" as a key factor in its recent performance. Net interest income, a primary revenue component for banks, increased in Q3 2025, driven by higher loan balances and yields. This indicates a focus on expanding its core lending business and optimizing the returns on its loan portfolio.
• Expansion to New Markets/Regional Footprint: BayCom is actively pursuing an expanded geographic presence. The company opened a de novo branch in Las Vegas, with the strategic aim to "expand its regional footprint and market areas and support deposit and loan growth." This inorganic expansion into new territories is expected to contribute to future revenue generation by attracting new customers and increasing market share.
• Strategic Acquisitions: BayCom has a history of growth through strategic buyouts, having completed 10 acquisitions since 2010, which have significantly contributed to its total assets and deposits. The company "continues to focus on strategic acquisitions and organic growth to enhance shareholder value and generate consistent earnings growth." This ongoing strategy of acquiring other entities is a key driver for inorganic revenue expansion.

Share Repurchases

• BayCom announced its ninth stock repurchase program in May 2024, authorizing the buyback of 560,000 shares. This new program will commence upon the completion or expiration of the eighth stock repurchase program, which was authorized in August 2023 for 590,000 shares and had 12,627 shares remaining as of May 24, 2024.
• In 2024, the company repurchased 455,654 shares of its common stock at an average cost of $20.31 per share.
• In October 2022, BayCom approved its sixth stock repurchase program, authorizing the repurchase of up to 645,000 shares, following the completion of the fifth program which saw all 747,000 authorized shares repurchased.

Outbound Investments

• BayCom has a history of growth through strategic acquisitions, having completed 10 acquisitions since 2010, which collectively brought in approximately $2.3 billion in total assets and $1.9 billion in total deposits.
• In August 2023, the company expanded its geographic footprint by opening a de novo branch in Las Vegas, Nevada, aiming to support deposit and loan growth.
• As of January 2022, BayCom continued to seek acquisitions and anticipated closing its merger with Pacific Enterprise Bank, highlighting a strategy of growth through strategic buyouts.

Capital Expenditures

• In the most recent 12-month period (prior to May 2024), capital expenditures were -$1.21 million.
• BayCom continuously invests in network upgrades and service enhancements to meet client demands.