<SEC-DOCUMENT>0001144204-18-025636.txt : 20180507
<SEC-HEADER>0001144204-18-025636.hdr.sgml : 20180507
<ACCEPTANCE-DATETIME>20180507143109
ACCESSION NUMBER:		0001144204-18-025636
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20180503
ITEM INFORMATION:		Entry into a Material Definitive Agreement
ITEM INFORMATION:		Other Events
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20180507
DATE AS OF CHANGE:		20180507

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			BayCom Corp
		CENTRAL INDEX KEY:			0001730984
		STANDARD INDUSTRIAL CLASSIFICATION:	STATE COMMERCIAL BANKS [6022]
		IRS NUMBER:				371849111

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38483
		FILM NUMBER:		18810745

	BUSINESS ADDRESS:	
		STREET 1:		500 YGNACIO VALLEY ROAD
		STREET 2:		SUITE 200
		CITY:			WALNUT CREEK
		STATE:			CA
		ZIP:			94596
		BUSINESS PHONE:		925-476-1800

	MAIL ADDRESS:	
		STREET 1:		500 YGNACIO VALLEY ROAD
		STREET 2:		SUITE 200
		CITY:			WALNUT CREEK
		STATE:			CA
		ZIP:			94596
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>tv493259_8k.htm
<DESCRIPTION>FORM 8-K
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<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 12pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SECURITIES AND EXCHANGE COMMISSION</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Date of Report (Date of earliest event reported)&nbsp;<U>&nbsp;&nbsp;&nbsp;<B>May
3, 2018</B>&nbsp;<B>&nbsp;</B>&nbsp;&nbsp;</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 14pt"><B>BAYCOM
CORP</B></FONT></P>

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<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><FONT STYLE="font-size: 14pt"><B></B></FONT></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">(Exact name of registrant as specified in its charter)</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
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    <TD STYLE="width: 32%; border-bottom: black 1.5pt solid; text-align: center"><B>California</B></TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 32%; border-bottom: black 1.5pt solid; text-align: center"><B>001-38483</B></TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 32%; border-bottom: black 1.5pt solid; text-align: center"><B>37-1849111</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(State or other jurisdiction</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">of incorporation)</P></TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">(Commission File No.)</TD>
    <TD>&nbsp;</TD>
    <TD>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(IRS Employer</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Identification No.)</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 66%; border-bottom: black 1.5pt solid; text-align: center"><B>500 Ygnacio Valley Road, Suite 200, Walnut Creek, CA</B></TD>
    <TD STYLE="width: 2%">&nbsp;</TD>
    <TD STYLE="width: 32%; border-bottom: black 1.5pt solid; text-align: center"><B>94596</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="text-align: center">(Address of principal executive offices)</TD>
    <TD>&nbsp;</TD>
    <TD STYLE="text-align: center">(Zip Code)</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">Registrant's telephone number, including area code:&nbsp;<B>(925) 476-1800</B></P>

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<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B>Not Applicable</B></P>

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<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><B></B></P>

<P STYLE="text-align: center; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt">(Former name or former address, if changed since last report)</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 4%">&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD STYLE="width: 96%"><FONT STYLE="font-size: 10pt">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Indicate by check mark whether the registrant is an emerging
growth company as defined in Rule&nbsp;405 of the Securities Act of 1933 (&sect; 230.405 of this chapter) or Rule&nbsp;12b&ndash;
2 of the Securities Exchange Act of 1934 (&sect; 240.12b&ndash;2 of this chapter).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">Emerging
growth company&nbsp; </FONT><FONT STYLE="font-family: Wingdings"><FONT STYLE="font-family: Wingdings">&#120;</FONT></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif">If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for
complying with any new or revised financial accounting standards provided pursuant to Section&nbsp;13(a)&nbsp;of the Exchange Act.&nbsp;
</FONT>&nbsp;<FONT STYLE="font-family: Wingdings">&#168;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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                                                 <P STYLE="margin-top: 0; margin-bottom: 0"><B><U>Item 1.01</U></B></P></TD><TD><B><U>Entry into a Material Definitive Agreement.</U></B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On May 3, 2018, BayCom Corp (the &ldquo;Company&rdquo;)
and its wholly owned subsidiary, United Business Bank, entered into an Underwriting Agreement (the &ldquo;Agreement&rdquo;) with
FIG Partners, LLC and D.A. Davidson &amp; Co., as representatives of the several underwriters named therein (collectively, the
&ldquo;Underwriters&rdquo;), related to an underwritten public offering (the &ldquo;Offering&rdquo;) of 2,851,218 shares of its
common stock, no par value per share (the &ldquo;Common Stock&rdquo;) at a public offering price of $22.00 per share. The Underwriters
have agreed to purchase the shares pursuant to the Underwriting Agreement at a price of $20.68 per share. The Company has also
granted the Underwriters a 30-day option to purchase up to an additional 427,682 shares of Common Stock at the same price per share.
The Offering is expected to close on May 8, 2018, subject to the satisfaction of customary closing conditions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Agreement contains customary representations,
warranties and covenants that are valid as between the parties and as of the date of entering into such Agreement and are not factual
information to investors about the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">In connection with the Offering, the Company,
each of the Company&rsquo;s directors and executive officers have entered into 180-day &ldquo;lock-up&rdquo; agreements with respect
to the sale of shares of common stock, subject to customary exceptions, the form of which agreement is attached to the Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The foregoing description of the Agreement
does not purport to be complete and is qualified in its entirety by reference to the Agreement, a copy of which is attached hereto
as Exhibit 1.1 and incorporated herein by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" WIDTH="100%" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in"><B><U>Item 8.01</U></B></TD><TD><B><U>Other Events.</U></B></TD></TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On May 4, 2018, the Company issued a press
release announcing that it had priced its underwritten public offering of 2,851,218 shares of common stock at a price of $22.00
per share. The offering is expected to result in gross proceeds to the Company of approximately $62.7 million (or approximately
$72.1 million if the underwriters' option to purchase additional shares of common stock is exercised in full). The net proceeds
to the Company, after deducting the underwriting discount and estimated offering expenses, were expected to be approximately $58.0
million (or approximately $66.8 million if the underwriters' option to purchase additional shares of common stock is exercised
in full). A copy of the Company&rsquo;s press release dated May 4, 2018 is attached hereto as Exhibit 99.1 and incorporated herein
by reference.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0"></TD><TD STYLE="width: 1in; text-align: left"><B><U>Item 9.01</U></B></TD><TD STYLE="text-align: justify"><B><U>Financial Statements and Exhibits.</U></B></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exhibits: The following
exhibits are filed herewith:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 12%; border-bottom: black 1pt solid; padding-right: 0.8pt; text-align: center"><B>Exhibit&nbsp;No.</B></TD>
    <TD STYLE="width: 3%; padding-right: 0.8pt">&nbsp;</TD>
    <TD STYLE="width: 85%; border-bottom: black 1pt solid; padding-right: 0.8pt; text-align: center"><B>Description</B></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.8pt; text-align: center"><A HREF="tv493259_ex1-1.htm" STYLE="-sec-extract: exhibit">1.1</A></TD>
    <TD STYLE="padding-right: 0.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt"><A HREF="tv493259_ex1-1.htm" STYLE="-sec-extract: exhibit">Underwriting Agreement, dated as of May 3, 2018, by and among BayCom Corp, United Business Bank, and FIG Partners, LLC and D.A. Davidson &amp; Co. </A></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.8pt; text-align: center">&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0.8pt; text-align: center"><A HREF="tv493259_ex99-1.htm" STYLE="-sec-extract: exhibit">99.1</A></TD>
    <TD STYLE="padding-right: 0.8pt">&nbsp;</TD>
    <TD STYLE="padding-right: 0.8pt"><A HREF="tv493259_ex99-1.htm" STYLE="-sec-extract: exhibit">Press Release dated May 4, 2018</A></TD></TR>
</TABLE>

<P STYLE="margin-top: 0; margin-bottom: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0; text-indent: 0"><B>BAYCOM CORP</B></TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%; padding: 0; text-indent: 0">Date:</TD>
    <TD STYLE="width: 45%; padding: 0; text-indent: 0">May 7, 2018</TD>
    <TD STYLE="width: 5%; padding: 0; text-indent: 0">By:</TD>
    <TD STYLE="width: 30%; border-bottom: Black 1pt solid; padding: 0; text-indent: 0">/s/ George J. Guriani</TD>
    <TD STYLE="width: 15%; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD NOWRAP STYLE="padding: 0; text-indent: 0">George J. Guriani, President and Chief Executive Officer</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<TYPE>EX-1.1
<SEQUENCE>2
<FILENAME>tv493259_ex1-1.htm
<DESCRIPTION>EXHIBIT 1.1
<TEXT>
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<P STYLE="margin: 0; text-align: right"><B>Exhibit 1.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>2,851,218 Shares of Common Stock</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>BAYCOM CORP</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Common Stock, without par value per share</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B><U>UNDERWRITING AGREEMENT</U></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right">May 3, 2018</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">FIG Partners, LLC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1475 Peachtree Street, NE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Suite 800</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Atlanta, Georgia 30309</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">D.A. Davidson &amp; Co.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">611 Anton Blvd.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Suite 600</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Costa Mesa, California 92626</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">as Representatives of the several Underwriters</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Ladies and Gentlemen:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">BayCom Corp, a California corporation (the
&ldquo;Company&rdquo;), and United Business Bank, a California state-chartered bank (the &ldquo;Bank&rdquo;) confirm their respective
agreement with FIG Partners, LLC (&ldquo;FIG&rdquo;), D.A. Davidson &amp; Co. (&ldquo;Davidson&rdquo;) and each of the other Underwriters
named in <U>Schedule&nbsp;A</U> hereto (collectively, the &ldquo;Underwriters&rdquo;), for whom FIG and Davidson are acting as
representatives (in such capacity, the &ldquo;Representatives&rdquo;), with respect to (i)&nbsp;the sale by the Company, and the
purchase by the Underwriters, acting severally and not jointly, of an aggregate of 2,851,218 shares of common stock, without par
value per share, of the Company (&ldquo;Common Stock&rdquo;), in the respective amounts set forth in <U>Schedule&nbsp;A</U> hereto
and (ii)&nbsp;the grant by the Company to the Underwriters, acting severally and not jointly, of the option described in Section&nbsp;2(b)&nbsp;hereof
to purchase all or any part of 427,682 additional shares of Common Stock.&nbsp; The aforesaid 2,851,218 shares of Common Stock
(the &ldquo;Initial Shares&rdquo;) to be purchased by the Underwriters and all or any part of the 427,682 shares of Common Stock
subject to the option described in Section&nbsp;2(b)&nbsp;hereof (the &ldquo;Option Shares&rdquo;) are hereinafter called, collectively,
the &ldquo;Securities.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Company has filed with the Securities
and Exchange Commission (the &ldquo;Commission&rdquo;) a registration statement on Form&nbsp;S-1 (No.&nbsp;333-224236), including
the related preliminary prospectus or prospectus covering the registration of the Securities under the Securities Act of 1933,
as amended (the &ldquo;1933 Act&rdquo;). Promptly after execution and delivery of this Underwriting Agreement, the Company will
prepare and file a prospectus in accordance with the provisions of Rule&nbsp;430A (&ldquo;Rule&nbsp;430A&rdquo;) of the rules&nbsp;and
regulations of the Commission under the 1933 Act (the &ldquo;1933 Act Regulations&rdquo;) and paragraph (b)&nbsp;of Rule&nbsp;424
(&ldquo;Rule&nbsp;424(b)&rdquo;) of the 1933 Act Regulations.&nbsp; The information included in such prospectus that was omitted
from such registration statement at the time it became effective but that is deemed to be part of such registration statement at
the time it became effective pursuant to paragraph (b)&nbsp;of Rule&nbsp;430A is referred to as &ldquo;Rule&nbsp;430A Information.&rdquo;&nbsp;
Each prospectus used before such registration statement became effective, and any prospectus that omitted the Rule&nbsp;430A Information
that was used after such effectiveness and prior to the execution and delivery of this Underwriting Agreement, is herein called
a &ldquo;preliminary prospectus.&rdquo;&nbsp; Such registration statement, including the amendments thereto, the exhibits and any
schedules thereto, if any, at the time it became effective and including the Rule&nbsp;430A Information is herein called the &ldquo;Registration
Statement.&rdquo;&nbsp; Any registration statement filed pursuant to Rule&nbsp;462(b)&nbsp;of the 1933 Act Regulations is herein
referred to as the &ldquo;Rule&nbsp;462(b)&nbsp;Registration Statement,&rdquo; and after such filing the term &ldquo;Registration
Statement&rdquo; shall include the Rule&nbsp;462(b)&nbsp;Registration Statement.&nbsp; The final prospectus made available to the
Underwriters by the Company to meet requests of purchasers pursuant to Rule&nbsp;173 under the 1933 Act is herein called the &ldquo;Prospectus.&rdquo;&nbsp;
For purposes of this Underwriting Agreement, all references to the Registration Statement, any preliminary prospectus, the Prospectus
or any amendment or supplement to any of the foregoing shall be the copy filed with the Commission pursuant to its Electronic Data
Gathering, Analysis and Retrieval system (&ldquo;EDGAR&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">As used in this Underwriting Agreement:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&ldquo;<I>Applicable Time</I>&rdquo; means
10:00 a.m. (Eastern time) on the date of this Agreement or such other date and time as agreed by the Company and the Representatives.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&ldquo;<I>General Disclosure Package</I>&rdquo;
means any Issuer-Represented General Free Writing Prospectus(es) (as defined below) issued at or prior to the Applicable Time and
the preliminary prospectus relating to the Securities dated April 27, 2018, all considered together.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&ldquo;<I>Issuer-Represented Free Writing
Prospectus</I>&rdquo; means any &ldquo;issuer free writing prospectus,&rdquo; as defined in Rule&nbsp;433 of the 1933 Act Regulations
(&ldquo;<I>Rule&nbsp;433</I>&rdquo;), relating to the Securities that is required to be filed with the Commission by the Company
in the form filed or required to be filed with the Commission.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&ldquo;<I>Issuer-Represented General Free
Writing Prospectus</I>&rdquo; means any Issuer-Represented Free Writing Prospectus that is intended for general distribution to
prospective investors, as evidenced by its being specified in <U>Schedule B</U> hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&ldquo;<I>Issuer-Represented Limited Use Free
Writing Prospectus</I>&rdquo; means any Issuer-Represented Free Writing Prospectus that is not an Issuer-Represented General Free
Writing Prospectus.&nbsp; The term Issuer Represented Limited Use Free Writing Prospectus also includes any &ldquo;bona fide electronic
road show&rdquo; as defined in Rule&nbsp;433, that is made available without restriction pursuant to Rule&nbsp;433(d)(8)(ii), even
though not required to be filed with the SEC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;1.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Representations
and Warranties and Agreements</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Representations
and Warranties by the Company.</I>&nbsp; The Company represents and warrants to each Underwriter as of the date hereof, as of the
Closing Time referred to in Section&nbsp;2(c)&nbsp;hereof, and as of each Date of Delivery (if any) referred to in Section&nbsp;2(b)&nbsp;hereof,
and agrees with each Underwriter, as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Compliance
with Registration Requirements</U>.&nbsp; (A)&nbsp;At the time of filing the Registration Statement, any 462(b)&nbsp;Registration
Statement and any post-effective amendments thereto, and (B)&nbsp;at the date hereof, the Company was not an &ldquo;ineligible
issuer&rdquo; as defined in Rule&nbsp;405 of the 1933 Act Regulations (&ldquo;Rule&nbsp;405&rdquo;), each of the Registration Statement,
any post-effective amendment thereto under the 1933 Act and any Rule&nbsp;462(b)&nbsp;Registration Statement has become effective
under the 1933 Act and no stop order suspending the effectiveness of the Registration Statement or any post-effective amendment
thereto or any Rule&nbsp;462(b)&nbsp;Registration Statement has been issued and no proceedings for that purpose have been instituted
or are pending or, to the knowledge of the Company, are threatened by the Commission, and any request on the part of the Commission
for additional information has been complied with.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">At the respective times the Registration
Statement, any Rule&nbsp;462(b)&nbsp;Registration Statement and any post-effective amendments thereto became effective and at the
Closing Time (and, if any Option Shares are purchased, at the Date of Delivery), the Registration Statement, the Rule&nbsp;462(b)&nbsp;Registration
Statement and any amendments and supplements thereto complied and will comply in all material respects when filed with the requirements
of the 1933 Act and the 1933 Act Regulations and did not and will not contain an untrue statement of a material fact or omit to
state a material fact required to be stated therein or necessary to make the statements therein not misleading. Neither the General
Disclosure Package as of the Applicable Time, nor the Prospectus nor any amendments or supplements thereto (including any prospectus
wrapper) at the time the Prospectus as of its date or any such amendment or supplement was issued and at the Closing Time (and,
if any Option Shares are purchased, at the Date of Delivery), included or will include an untrue statement of a material fact or
omitted or will omit to state a material fact necessary in order to make the statements therein, in the light of the circumstances
under which they were made, not misleading.&nbsp;&nbsp; The representations and warranties in this paragraph shall not apply to
statements in or omissions from the Registration Statement, any preliminary prospectus or the Prospectus made in reliance upon
and in conformity with written information furnished to the Company by any Underwriter through the Representatives expressly for
use therein, it being understood that the only written information that the Underwriters have furnished to the Company specifically
for inclusion in the Registration Statement, any preliminary prospectus and the Prospectus (or any amendment or supplement thereto)
are (i)&nbsp;the concession and reallowance figures appearing in the Prospectus in the section entitled &ldquo;Underwriting&mdash;
Commission and Discounts,&rdquo; (ii)&nbsp;the information contained under the caption &ldquo;Underwriting&mdash;Price Stabilization,
Short Positions and Penalty Bids&rdquo; and (iii)&nbsp;the first three sentences under the caption &ldquo;Underwriting&mdash;Passive
Market Making,&rdquo; (such information being referred to herein as the &ldquo;Underwriter Information&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Each preliminary prospectus and the prospectus
filed as part of the Registration Statement as originally filed or as part of any amendment thereto, or filed pursuant to Rule&nbsp;424
under the 1933 Act, complied when so filed in all material respects with the 1933 Act and the 1933 Act Regulations and each preliminary
prospectus and the Prospectus delivered to the Underwriters for use in connection with this offering was identical to the electronically
transmitted copies thereof filed with the Commission pursuant to EDGAR, except to the extent permitted by Regulation S-T.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">As of the Applicable Time, neither (x)&nbsp;the
General Disclosure Package nor (y)&nbsp;any individual Issuer-Represented Limited Use Free Writing Prospectus, when considered
together with the General Disclosure Package, included any untrue statement of a material fact or omitted to state any material
fact necessary in order to make the statements therein, in the light of the circumstances under which they were made, not misleading.
The representations and warranties in this paragraph shall not apply to statements in or omissions from the General Disclosure
Package or any Issuer-Represented Limited Use Free Writing Prospectus made in reliance upon and in conformity with the Underwriter
Information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Issuer-Represented
Free Writing Prospectuses</U>.&nbsp; Each Issuer-Represented Free Writing Prospectus, as of its issue date and at all subsequent
times through the completion of the public offer and sale of the Securities, or until any earlier date that the issuer notified
or notifies the Representatives, did not, does not and will not include any information that conflicted, conflicts or will conflict
with the information contained in the Registration Statement, the General Disclosure Package or the Prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Emerging
Growth Company</U>.&nbsp;&nbsp; From the time of the initial confidential submission of the Registration Statement to the Commission
(or, if earlier, the first date on which the Company engaged directly or through any person authorized to act on its behalf in
any Testing-the-Waters Communication (as defined below)) through the date hereof, the Company has been and is an &ldquo;emerging
growth company,&rdquo; as defined in Section&nbsp;2(a)&nbsp;of the 1933 Act (an &ldquo;Emerging Growth Company&rdquo;). &ldquo;Testing-the-Waters
Communication&rdquo; means any oral or written communication with potential investors undertaken in reliance on Section&nbsp;5(d)&nbsp;of
the 1933 Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Testing-the-Waters
Communications</U>.&nbsp;&nbsp; The Company (i)&nbsp;has not alone engaged in any Testing-the-Waters Communications other than
Testing-the-Waters Communications with the consent of the Representatives and with entities that are either (1)&nbsp;qualified
institutional buyers within the meaning of Rule&nbsp;144A under the 1933 Act or (2)&nbsp;institutions that are accredited investors
within the meaning of Rule&nbsp;501 under the 1933 Act and (ii)&nbsp;has not authorized anyone other than the Representatives to
engage in Testing-the-Waters Communications. The Company reconfirms that the Representatives have been authorized to act on its
behalf in undertaking Testing-the-Waters Communications. The Company has not distributed or approved for distribution any Written
Testing-the-Waters Communications (defined below) other than those listed on <U>Schedule&nbsp;B</U> hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&ldquo;Written Testing-the-Waters Communication&rdquo;
means any Testing-the-Waters Communication that is a written communication within the meaning of Rule&nbsp;405 under the 1933 Act.
Any individual Written Testing-the-Waters Communication does not conflict with the information contained in the Registration Statement
or the General Disclosure Package, complied in all material respects with the 1933 Act, and when taken together with the General
Disclosure Package, as of the Applicable Time did not, and as of the Closing Time and as of each Date of Delivery (if any), as
the case may be, will not, contain any untrue statement of a material fact or omit to state a material fact necessary in order
to make the statements therein, in the light of the circumstances under which they were made, not misleading. The representations
and warranties in this paragraph shall not apply to statements in or omissions from any Written Testing-the-Waters Communication
made in reliance upon and in conformity with the Underwriter Information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Independent
Accountants</U>.&nbsp; Vavrinek, Trine, Day &amp; Co., LLP (&ldquo;VTD&rdquo;), the accounting firm that certified the financial
statements and supporting schedules of the Company included in the Registration Statement, the General Disclosure Package and the
Prospectus, is to the knowledge of the Company, an independent registered public accounting firm as required by the 1933 Act and
the 1933 Act Regulations. VTD is a registered public accounting firm, as defined by the Public Company Accounting Oversight Board,
whose registration to the knowledge of the Company has not been suspended or revoked and who has not requested such registration
to be withdrawn. With respect to the Company, to the knowledge of the Company, VTD is not and has not been in violation of the
auditor independence requirements of the Sarbanes-Oxley Act of 2002 (&ldquo;Sarbanes-Oxley Act&rdquo;) and the related rules&nbsp;and
regulations of the Commission.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(vi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Financial
Statements</U>.&nbsp; The financial statements included in the Registration Statement, the General Disclosure Package and the Prospectus,
together with the related schedules and notes, present fairly in all material respects the financial position of the Company and
its consolidated subsidiaries at the dates indicated and the statement of operations, shareholders&rsquo; equity and cash flows
of the Company and its consolidated subsidiaries for the periods specified; said financial statements have been prepared in conformity
with generally accepted accounting principles (&ldquo;GAAP&rdquo;) applied on a consistent basis throughout the periods involved.&nbsp;
The supporting schedules, if any, included in the Registration Statement, the General Disclosure Package and the Prospectus present
fairly in all material respects in accordance with GAAP the information required to be stated therein.&nbsp; The selected financial
data and the summary financial information included in the Registration Statement, the General Disclosure Package and the Prospectus
present fairly in all material respects the information shown therein and have been compiled on a basis consistent with that of
the audited financial statements included in the Registration Statement, the General Disclosure Package and the Prospectus and
the books and records of the Company.&nbsp; No other financial statements or schedules are required to be included in the Registration
Statement, the General Disclosure Package or the Prospectus.&nbsp; To the extent applicable, all disclosures contained in the Registration
Statement, the General Disclosure Package, any Issuer-Represented Free Writing Prospectus, any Written Testing-the-Waters Communication
or the Prospectus regarding &ldquo;non-GAAP financial measures&rdquo; (as such term is defined by the rules&nbsp;and regulations
of the Commission) comply with Regulation G of the Securities Exchange Act of 1934, as amended (&ldquo;1934 Act&rdquo;), the rules&nbsp;and
regulations of the 1934 Act (the &ldquo;1934 Act Regulations&rdquo;) and Item 10 of Regulation S-K under the 1933 Act, as applicable.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(vii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Material Adverse Change in Business</U>.&nbsp; Since the respective dates as of which information is given in the Registration
Statement, the General Disclosure Package and the Prospectus, except as otherwise stated therein, (A)&nbsp;there has been no material
adverse change in the condition, financial or otherwise, or in the earnings, business affairs or business prospects of the Company
and its subsidiaries considered as one enterprise, whether or not arising in the ordinary course of business (a &ldquo;Material
Adverse Effect&rdquo;), (B)&nbsp;there have been no transactions entered into by the Company or any of its subsidiaries, other
than those in the ordinary course of business, which are material with respect to the Company and its subsidiaries considered as
one enterprise, and (C)&nbsp; there has been no dividend or distribution of any kind declared, paid or made by the Company on any
class of its capital stock.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(viii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Company
Validly Existing</U>.&nbsp; The Company has been duly organized and is validly existing as a corporation under the laws of the
State of California and has corporate power and authority to own, lease and operate its properties and to conduct its business
as described in the Registration Statement, the General Disclosure Package and the Prospectus and to enter into and perform its
obligations under this Underwriting Agreement; and the Company is duly qualified as a foreign corporation to transact business
and is in good standing in each other jurisdiction in which such qualification is required, whether by reason of the ownership
or leasing of property or the conduct of business, except where the failure so to qualify or to be in good standing would not result
in a Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(ix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Subsidiaries</U>.&nbsp;
The Bank is the only subsidiary of the Company. The Bank is a California state-chartered bank, duly organized and is validly existing
and in good standing as a corporation under the laws of the State of California and is licensed by the California Department of
Business Oversight&mdash;Division of Financial Institutions (the &ldquo;DBO&rdquo;) to conduct business as a commercial bank and
has the requisite corporate power and authority to own or lease all of its properties and assets and carry on its business as now
being conducted. The Bank is duly licensed or qualified to do business as a foreign corporation to transact business and is in
good standing in each other jurisdiction in which such qualification is required, whether by reason of the ownership or leasing
of property or the conduct of business, except where the failure so to qualify or to be in good standing would not result in a
Material Adverse Effect.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(x)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Capitalization</U>.&nbsp;
The authorized, issued and outstanding capital stock of the Company is as set forth in the Registration Statement, the General
Disclosure Package and the Prospectus in the column entitled &ldquo;Actual&rdquo; under the caption &ldquo;Capitalization&rdquo;
(except for subsequent issuances, if any, pursuant to this Underwriting Agreement, pursuant to reservations, agreements or employee
benefit plans referred to in the Registration Statement, the General Disclosure Package and the Prospectus or pursuant to the exercise
of convertible securities or options disclosed in the Registration Statement, the General Disclosure Package and the Prospectus).
The shares of issued and outstanding capital stock have been duly authorized and validly issued and are fully paid and non-assessable;
none of the outstanding shares of capital stock was issued in violation of the preemptive or other similar rights of any securityholder
of the Company. The Company owns 100% of the issued and outstanding shares of the capital stock of the Bank. All of the issued
and outstanding shares of capital stock of the Bank has been duly authorized and validly issued, is fully paid and non-assessable
and is owned by the Company, free and clear of any security interest, mortgage, pledge, lien, encumbrance, claim or equity; none
of the outstanding shares of capital stock of the Bank was issued in violation of any preemptive or similar right of any securityholder
of the Bank.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(xi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Authorization
of Agreement</U>.&nbsp; This Underwriting Agreement has been duly authorized, executed and delivered by the Company and the Bank.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(xii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Authorization
and Description of Securities</U>.&nbsp; The Securities to be purchased by the Underwriters from the Company have been duly authorized
for issuance and sale to the Underwriters pursuant to this Underwriting Agreement and, when issued and delivered by the Company
pursuant to this Underwriting Agreement against payment of the consideration set forth herein, will be validly issued and fully
paid and non-assessable; the Common Stock conforms in all material respects to all statements relating thereto contained in the
Registration Statement, the General Disclosure Package and the Prospectus and such description conforms in all material respects
to the rights set forth in the instruments defining the same; no holder of the Securities will be subject to personal liability
for the debts of the Company by reason of being such a holder; and the issuance of the Securities is not subject to the preemptive
or other similar rights of any securityholder of the Company.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(xiii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Absence
of Defaults and Conflicts</U>.&nbsp; Neither the Company nor the Bank is (A)&nbsp;in violation of its charter or by-laws or (B)&nbsp;in
default in the performance or observance of any obligation, agreement, covenant or condition contained in any contract, indenture,
mortgage, deed of trust, loan or credit agreement, note, lease or other agreement or instrument to which the Company or the Bank
is a party or by which it or any of them may be bound, or to which any of the property or assets of the Company or the Bank is
subject (collectively, &ldquo;Agreements and Instruments&rdquo;) except for such defaults that would not result in a Material Adverse
Effect; and the execution, delivery and performance of this Underwriting Agreement by the Company and the consummation of the transactions
contemplated herein and in the Registration Statement, the General Disclosure Package and the Prospectus (including the issuance
and sale of the Securities and the use of the proceeds from the sale of the Securities as described in the Registration Statement,
the General Disclosure Package and the Prospectus under the caption &ldquo;Use of Proceeds&rdquo;) and compliance by the Company
with its obligations hereunder have been duly authorized by all necessary corporate action and do not and will not, whether with
or without the giving of notice or passage of time or both, conflict with or constitute a breach of, or default or Repayment Event
(as defined below) under, or result in the creation or imposition of any lien, charge or encumbrance upon any property or assets
of the Company or the Bank pursuant to, the Agreements and Instruments (except for such conflicts, breaches or defaults or liens,
charges or encumbrances that would not result in a Material Adverse Effect), nor will such action result in any violation of the
provisions of the charter or by-laws of the Company or the Bank or any applicable law, statute, rule, regulation, judgment, order,
writ or decree of any government, government instrumentality or court, domestic or foreign, having jurisdiction over the Company
or the Bank or any of their assets, properties or operations (except for such violations that would not result in a Material Adverse
Effect). As used herein, a &ldquo;Repayment Event&rdquo; means any event or condition which gives the holder of any note, debenture
or other evidence of indebtedness the right to require the repurchase, redemption or repayment of all or a portion of such indebtedness
by the Company or the Bank prior to its scheduled maturity.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(xiv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Absence
of Labor Dispute</U>.&nbsp; No labor dispute with the employees of the Company or the Bank exists or, to the knowledge of the Company,
is imminent, and the Company is not aware of any existing or imminent labor disturbance by the employees of any of its or the Bank&rsquo;s
principal suppliers, manufacturers, customers or contractors, which, in either case, would not result in a Material Adverse Effect.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(xv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Absence
of Proceedings</U>.&nbsp; There is no action, suit, proceeding, inquiry or investigation before or brought by any court or governmental
agency or body, domestic or foreign, now pending, or, to the knowledge of the Company, threatened, against or affecting the Company
or the Bank, which is required to be disclosed in the Registration Statement, the General Disclosure Package and the Prospectus
(other than as disclosed therein), or which might reasonably be expected to result in a Material Adverse Effect, or which might
reasonably be expected to materially and adversely affect the properties or assets thereof or the consummation of the transactions
contemplated in this Underwriting Agreement or the performance by the Company of its obligations hereunder. The aggregate of all
pending legal or governmental proceedings to which the Company or the Bank is a party or of which any of their respective property
or assets is the subject which are not described in the Registration Statement, the General Disclosure Package and the Prospectus,
including ordinary routine litigation incidental to the business, if determined adversely to the Company or the Bank would not
result in a Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(xvi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Accuracy
of Exhibits</U>.&nbsp; There are no contracts or documents which are required to be described in the Registration Statement, the
General Disclosure Package, the Prospectus or to be filed as exhibits thereto which have not been so described and filed as required.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(xvii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Possession
of Intellectual Property</U>.&nbsp; The Company and the Bank own or possess, or can acquire on reasonable terms, adequate patents,
patent rights, licenses, inventions, copyrights, know-how (including trade secrets and other unpatented and/or unpatentable proprietary
or confidential information, systems or procedures and excluding generally commercially available &ldquo;off the shelf&rdquo; software
programs licensed pursuant to shrink wrap or &ldquo;click and accept&rdquo; licenses), trademarks, service marks, trade names or
other intellectual property (collectively, &ldquo;Intellectual Property&rdquo;) necessary to carry on the business now operated
by each of them, and neither the Company nor the Bank has received any notice or is otherwise aware of any infringement of or conflict
with asserted rights of others with respect to any Intellectual Property or of any facts or circumstances which would render any
Intellectual Property invalid or inadequate to protect the interest of the Company or the Bank therein.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(xviii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Absence
of Further Requirements</U>.&nbsp; No filing with, or authorization, approval, consent, license, order, registration, qualification
or decree of, any court or governmental authority or agency is necessary or required for the performance by the Company of its
obligations under this Underwriting Agreement, in connection with the offering, issuance or sale of the Securities or the consummation
of the transactions contemplated by this Underwriting Agreement, except such as have been already obtained or as may be required
under the 1933 Act or the 1933 Act Regulations, the rules of The NASDAQ Stock Market, state securities laws, or the rules and regulations
of the Financial Industry Regulatory Authority, Inc. (&ldquo;FINRA&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(xix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Possession
of Licenses and Permits</U>.&nbsp; The Company and the Bank possess such permits, licenses, approvals, consents and other authorizations
(collectively, &ldquo;Governmental Licenses&rdquo;) issued by the appropriate federal, state, local or foreign regulatory agencies
or bodies necessary to conduct the business now operated by them, except where the failure to have such Governmental License would
not, singly or in the aggregate, have a Material Adverse Effect; the Company and the Bank are in compliance with the terms and
conditions of all Governmental Licenses, except where the absence of such Governmental License or the failure so to comply would
not, singly or in the aggregate, have a Material Adverse Effect; all of the Governmental Licenses are valid and in full force and
effect, except where the invalidity of such Governmental Licenses or the failure of such Governmental Licenses to be in full force
and effect would not have a Material Adverse Effect; and neither the Company nor the Bank has received any notice of proceedings
relating to the revocation or modification of any such Governmental Licenses which, singly or in the aggregate, if the subject
of an unfavorable decision, ruling or finding, would result in a Material Adverse Effect. Neither the Company nor the Bank has
failed to file with applicable regulatory authorities any statement, report, information or form required by any applicable law,
regulation or order, except where such failure would not, individually or in the aggregate, have a Material Adverse Effect, all
such filings were in material compliance with applicable laws when filed and no material deficiencies have been asserted by any
regulatory commission, agency or authority with respect to any such filings or submissions.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(xx)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Title
to Property</U>.&nbsp; The Company and the Bank have good and marketable title to all real property owned by the Company and the
Bank and good title to all other properties owned by them, in each case, free and clear of all mortgages, pledges, liens, security
interests, claims, restrictions or encumbrances of any kind except such as do not, singly or in the aggregate, materially affect
the value of such property and do not interfere with the use made and proposed to be made of such property by the Company or the
Bank; and all of the leases and subleases material to the business of the Company and the Bank, considered as one enterprise, and
under which the Company or any of its subsidiaries holds properties described in the Registration Statement, the General Disclosure
Package and the Prospectus, are in full force and effect, and neither the Company nor the Bank has any notice of any material claim
of any sort that has been asserted by anyone adverse to the rights of the Company or the Bank under any of the leases or subleases
mentioned above, or affecting or questioning the rights of the Company or the Bank to the continued possession of the leased or
subleased premises under any such lease or sublease.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(xxi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Investment
Company Act</U>.&nbsp; The Company is not, and upon the issuance and sale of the Securities as herein contemplated and the application
of the net proceeds therefrom as described in the Registration Statement, the General Disclosure Package and the Prospectus will
not be, an &ldquo;investment company&rdquo; or an entity &ldquo;controlled&rdquo; by an &ldquo;investment company&rdquo; as such
terms are defined in the Investment Company Act of 1940, as amended (the &ldquo;1940 Act&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(xxii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Environmental
Laws</U>.&nbsp; Except as would not, singly or in the aggregate, result in a Material Adverse Effect, (A)&nbsp;neither the Company
nor the Bank is in violation of any federal, state, local or foreign statute, law, rule, regulation, ordinance, code, policy or
rule&nbsp;of common law or any applicable judicial or administrative interpretation thereof, including any judicial or administrative
order, consent, decree or judgment, relating to pollution or protection of human health, the environment (including, without limitation,
ambient air, surface water, groundwater, land surface or subsurface strata) or wildlife, including, without limitation, laws and
regulations relating to the release or threatened release of chemicals, pollutants, contaminants, wastes, toxic substances, hazardous
substances, petroleum or petroleum products, asbestos-containing materials or mold (collectively, &ldquo;Hazardous Materials&rdquo;)
or to the manufacture, processing, distribution, use, treatment, storage, disposal, transport or handling of Hazardous Materials
(collectively, &ldquo;Environmental Laws&rdquo;), (B)&nbsp;the Company and the Bank have all permits, authorizations and approvals
required under any applicable Environmental Laws and are each in compliance with their requirements, (C)&nbsp;to the Company&rsquo;s
knowledge there are no pending or threatened administrative, regulatory or judicial actions, suits, demands, demand letters, claims,
liens, notices of noncompliance or violation, investigation or proceedings relating to any Environmental Law against the Company
or the Bank and (D)&nbsp;to the Company&rsquo;s knowledge there are no events or circumstances that would result in forming the
basis of an order for clean-up or remediation, or an action, suit or proceeding by any private party or governmental body or agency,
against or affecting the Company or the Bank relating to Hazardous Materials or any Environmental Laws.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(xxiii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Taxes</U>.&nbsp;
The Company and the Bank have (a)&nbsp;timely filed all material foreign, United States federal, state and local tax returns, information
returns, and similar reports that are required to be filed (taking into account valid extensions), and all tax returns are true,
correct and complete in all material respects, (b)&nbsp;paid in full all taxes required to be paid by it and any other assessment,
fine or penalty levied against it, except for any such tax assessment, fine or penalty that is not currently due and payable or
is currently being contested in good faith or as would not have, individually or in the aggregate, a Material Adverse Effect, and
(c)&nbsp;established on the most recent balance sheet reserves that are adequate for the payment of all taxes not yet due and payable.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(xxiv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Insurance</U>.&nbsp;
The Company and the Bank carry, or are covered by, insurance in such amounts and covering such risks as the Company reasonably
believes are adequate for the conduct of the business of the Company and the Bank and the value of their properties and as are
customary in the business in which the Company and the Bank are engaged; neither the Company nor the Bank has been refused any
insurance coverage sought or applied for; and the Company has no reason to believe that they will not be able to renew their existing
insurance coverage as and when such coverage expires or to obtain similar coverage from similar insurers as may be necessary to
continue its business at a cost that would not have a Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(xxv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Statistical
and Market Data</U>.&nbsp; Nothing has come to the attention of the Company that has caused the Company to believe that the statistical
and market-related data included in the Registration Statement, the General Disclosure Package and the Prospectus are not based
on or derived from sources that are reliable and accurate in all material respects.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(xxvi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Relationship</U>.&nbsp;
No relationship, direct or indirect, exists between or among the Company or the Bank, on the one hand, and the directors, officers,
shareholders, customers or suppliers of the Company or the Bank, on the other, that is required by the 1933 Act, the 1933 Act Regulations
to be described in the Registration Statement, the General Disclosure Package and the Prospectus and that is not so described.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(xxvii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Internal
Control Over Financial Reporting</U>.&nbsp; The Company and the Bank maintain a system of internal accounting controls sufficient
to provide reasonable assurance that (A)&nbsp;transactions are executed in accordance with management&rsquo;s general or specific
authorizations; (B)&nbsp;transactions are recorded as necessary to permit preparation of financial statements in conformity with
GAAP and to maintain asset accountability; (C)&nbsp;access to assets is permitted only in accordance with management&rsquo;s general
or specific authorization; and (D)&nbsp;the recorded accountability for assets is compared with the existing assets at reasonable
intervals and appropriate action is taken with respect to any differences.&nbsp; Since the end of the Company&rsquo;s most recent
audited fiscal year, there has been (I)&nbsp;no material weakness in the Company&rsquo;s or the Bank&rsquo;s internal control over
financial reporting (whether or not remediated) and (II)&nbsp;no change in the Company&rsquo;s or the Bank&rsquo;s internal control
over financial reporting that has materially affected, or is reasonably likely to materially affect, the Company&rsquo;s or the
Bank&rsquo;s internal control over financial reporting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(xxviii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Disclosure
Controls and Procedures</U>.&nbsp; The Company and the Bank employ disclosure controls and procedures (as such term is defined
in Rule&nbsp;13a-15 under the 1934 Act), which (A)&nbsp;are designed to ensure that information that is required to be disclosed
by the Company in the reports that it will have to file or submit under the 1934 Act is recorded, processed, summarized and reported
within the time periods specified in the Commission&rsquo;s rules&nbsp;and forms and that material information relating to the
Company and the Bank is made known to the Company&rsquo;s principal executive officer and principal financial officer by others
within the Company and the Bank to allow timely decisions regarding disclosure, and (B)&nbsp;are effective in all material respects
to perform the functions for which they were established.&nbsp; Since the date of its most recent audited financial statements,
the Company has not been advised of (1)&nbsp;any significant deficiency in the design or operation of internal controls which could
adversely affect the Company&rsquo;s or the Bank&rsquo;s ability to record, process, summarize and report financial data or any
material weaknesses in internal controls or (2)&nbsp;any fraud, whether or not material, that involves management or other employees
who have a significant role in the Company&rsquo;s or the Bank&rsquo;s internal controls. Since the most recent evaluation of the
Company&rsquo;s or any of its subsidiaries&rsquo; disclosure controls and procedures described above, there have been no significant
changes in internal controls or in other factors that could significantly affect internal controls.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(xxix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Pending
Procedures and Examinations</U>.&nbsp; The Registration Statement is not the subject of a pending proceeding or examination under
Section&nbsp;8(d)&nbsp;or 8(e)&nbsp;of the 1933 Act, and the Company is not the subject of a pending proceeding under Section&nbsp;8A
of the 1933 Act in connection with the offering of the Securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(xxx)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Unlawful
Payments</U>.&nbsp; Neither the Company nor the Bank nor, to the knowledge of the Company, any director, officer, agent, employee
or other person associated with or acting on behalf of the Company or the Bank has (A)&nbsp;used any corporate funds for any unlawful
contribution, gift, entertainment or other unlawful expense relating to political activity; (B)&nbsp;made any direct or indirect
unlawful payment to any foreign or domestic government official or employee from corporate funds; (C)&nbsp;violated or is in violation
of any provision of the Foreign Corrupt Practices Act of 1977; or (D)&nbsp;made any bribe, rebate, payoff, influence payment, kickback
or other unlawful payment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(xxxi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Registration Rights</U>.&nbsp; No person has the right to require the Company or the Bank to register any securities for sale under
the 1933 Act by reason of the filing of the Registration Statement with the Commission or the issuance and sale of the Securities
to be sold by the Company hereunder, except for such rights as have been duly waived in writing and are described in the Registration
Statement, General Disclosure Package and Prospectus. All such waivers are in full force and effect on the date hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(xxxii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Preemptive Rights</U>.&nbsp; There are no authorized or outstanding preemptive rights, rights of first refusal or other similar
rights to purchase, or equity or debt securities convertible into or exchangeable or exercisable for, any capital stock of the
Company or the Bank except for such rights as have been duly waived and are described in the Registration Statement, General Disclosure
Package and Prospectus. All such waivers are in full force and effect on the date hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(xxxiii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Stabilization or Manipulation</U>.&nbsp; Neither the Company nor the Bank, nor any affiliates of the Company or the Bank, has taken,
directly or indirectly, any action designed to or that could reasonably be expected to cause or result in any stabilization or
manipulation of the price of the Securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(xxxiv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Unauthorized Use of Prospectus</U>.&nbsp; The Company has not distributed and, prior to the later to occur of (i)&nbsp;the Closing
Time and (ii)&nbsp;completion of the distribution of the Securities, will not distribute any prospectus (as such term is defined
in the 1933 Act and the 1933 Act Regulations) in connection with the offering and sale of the Securities other than the Registration
Statement, any preliminary prospectus, the Prospectus or other materials, if any, permitted by the 1933 Act or by the 1933 Act
Regulations and approved by the Representatives.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(xxxv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Forward-Looking
Statements</U>.&nbsp; No forward-looking statement (within the meaning of Section&nbsp;27A of the 1933 Act and Section&nbsp;21E
of the 1934 Act) contained in the Registration Statement, the General Disclosure Package and the Prospectus has been made or reaffirmed
without a reasonable basis or has been disclosed other than in good faith.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(xxxvi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Lock-up
Agreements</U>.&nbsp; Each of the (i)&nbsp;Company&rsquo;s executive officers and directors and (ii)&nbsp;certain other shareholders,
in each case as listed on <U>Schedule&nbsp;D</U> hereto, has executed and delivered lock-up agreements as contemplated by Section&nbsp;5(i)&nbsp;hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(xxxvii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Fees</U>.&nbsp;
Other than as contemplated by this Underwriting Agreement, there is no broker, finder or other party that is entitled to receive
from the Company or the Bank any brokerage or finder&rsquo;s fee or any other fee, commission or payment as a result of the transactions
contemplated by this Underwriting Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(xxxviii)&nbsp;&nbsp;&nbsp;&nbsp;<U>ERISA</U>.&nbsp;
The Company and the Bank or their &ldquo;ERISA Affiliates&rdquo; (as defined below) are in compliance in all material respects
with all presently applicable provisions of the Employee Retirement Income Security Act of 1974, as amended, including the regulations
and published interpretations thereunder (&ldquo;ERISA&rdquo;); no &ldquo;reportable event&rdquo; (as defined in ERISA) has occurred
with respect to any &ldquo;employee benefit plan&rdquo; (as defined in ERISA) for which the Company or the Bank or ERISA Affiliates
would have any liability; the Company and the Bank or their ERISA Affiliates have not incurred and do not expect to incur liability
under (i)&nbsp;Title IV of ERISA with respect to termination of, or withdrawal from, any &ldquo;employee benefit plan&rdquo; or
(ii)&nbsp;Sections 412, 4971, 4975 or 4980B of the United States Internal Revenue Code of 1986, as amended, and the regulations
and published interpretations thereunder (collectively the &ldquo;Code&rdquo;); and each &ldquo;employee benefit plan&rdquo; for
which the Company and the Bank or any of their ERISA Affiliates would have any liability that is intended to be qualified under
Section&nbsp;401(a)&nbsp;of the Code is so qualified in all material respects and nothing has occurred, whether by action or by
failure to act, which would cause the loss of such qualification. &ldquo;ERISA Affiliate&rdquo; means, with respect to the Company
or the Bank, any member of any group of organizations described in Sections 414(b), (c), (m)&nbsp;or (o)&nbsp;of the Code or Section&nbsp;400(b)&nbsp;of
ERISA of which the Company or the Bank is a member.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(xxxix)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Bank
Holding Company Act; Banking Regulation</U>.&nbsp; The Company is duly registered as a bank holding company under the Bank Holding
Company Act of 1956, as amended.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(xl)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Regulatory Proceedings</U>.&nbsp; Neither the Company nor the Bank is a party to or subject to any order, decree, agreement, memorandum
of understanding or similar agreement with, or a commitment letter, supervisory letter or similar submission to, any federal, state
or local court or governmental entity (each a &ldquo;Governmental Entity&rdquo;) charged with the supervision or regulation of
depository institutions or engaged in the insurance of deposits (including the Board of Governors of the Federal Reserve System
(&ldquo;FRB&rdquo;), the Federal Deposit Insurance Corporation (&ldquo;FDIC&rdquo;) and the DBO) or the supervision or regulation
of the Company or the Bank that restricts materially the conduct of its business, or in any manner relates to its capital adequacy,
its credit policies, or its management and neither the Company nor the Bank has been advised by any such Governmental Entity that
such Governmental Entity is contemplating issuing or requesting (or is considering the appropriateness of issuing or requesting)
any such order, decree, agreement, memorandum of understanding, commitment letter, supervisory letter or similar submission.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(xli)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Compliance
with Applicable Laws</U>.&nbsp; Except where the failure to be in compliance would not result in a Material Adverse Effect, the
Company and the Bank conduct their respective businesses in compliance with all federal, state, local and foreign statutes, laws,
rules, regulations, decisions, directives and orders applicable to them (including, without limitation, all applicable regulations
and orders of, or agreements with, the FRB, the FDIC, the DBO, the Equal Credit Opportunity Act, the Fair Housing Act, the Community
Reinvestment Act, the Home Mortgage Disclosure Act, all other applicable fair lending laws or other laws relating to discrimination,
the Bank Secrecy Act, Title III of the USA Patriot Act, the Currency and Foreign Transaction Reporting Act of 1970, as amended,
and any applicable money laundering statutes of all jurisdictions, the rules and regulations thereunder and any related or similar
rules, regulations or guidelines, issued, administered or enforced by any Governmental Entity).&nbsp; Neither the Company nor the
Bank has received any communication from any Governmental Entity asserting that the Company or the Bank is not in compliance with
any statute, law, rule, regulation, decision, directive or order, except where the asserted failure to comply would not result
in a Material Adverse Effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(xlii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Deposit
Insurance</U>.&nbsp; The deposit accounts of the Bank are insured by the FDIC up to the legal maximum, the Bank has paid all premiums
and assessments required by the FDIC and the regulations thereunder and no proceeding for the termination or revocation of such
insurance is pending or, to the knowledge of the Company, threatened.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(xlii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>OFAC</U>.&nbsp;
None of the Company, the Bank, or to their knowledge, any officer or director of either the Company or the Bank, or to their knowledge,
any agent, employee, affiliate or person acting on behalf of the Company or the Bank, is or has been (A)&nbsp;engaged in any services
(including financial services), transfers of goods, software, or technology, or any other business activity related to (i)&nbsp;Cuba,&nbsp;Iran,
North Korea, Sudan, Syria or the Crimea region of Ukraine claimed by Russia (&ldquo;Sanctioned Countries&rdquo;), (ii)&nbsp;the
government of any Sanctioned Country, (iii)&nbsp;any person, entity or organization located in, resident in, formed under the laws
of, or owned or controlled by the government of, any Sanctioned Country, or (iv)&nbsp;any person, entity or organization made subject
of any sanctions administered or enforced by the United States Government, including, without limitation, the list of Specially
Designated Nationals (&ldquo;SDN List&rdquo;) of the Office of Foreign Assets Control of the U.S. Treasury Department (&ldquo;OFAC&rdquo;),
or by the United Nations Security Council, the European Union, Her Majesty&rsquo;s Treasury, or other relevant sanctions authority
(collectively, &ldquo;Sanctions&rdquo;) and the Company will not directly or indirectly use the proceeds of this offering, or lend,
contribute or otherwise make available such proceeds to any subsidiary, or any joint venture partner or other person or entity,
for the purpose of financing the activities of or business with any person, or in any country or territory, that currently is the
subject to any U.S. sanctions administered by OFAC or in any other manner that will result in a violation by any person (including
any person participating in the transaction whether as underwriter, advisor, investor or otherwise) of U.S. sanctions administered
by OFAC; (B)&nbsp;engaged in any transfers of goods, technologies or services (including financial services) that may assist the
governments of Sanctioned Countries or facilitate money laundering or other activities proscribed by United States laws, rules&nbsp;or
regulations; (C)&nbsp;is a person, entity or organization currently the subject of any Sanctions; or (D)&nbsp;located, organized
or resident in any Sanctioned Country.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(xliv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Investment
Securities</U>.&nbsp; Each of the Company and the Bank has good and marketable title to all securities held by it (except securities
sold under repurchase agreements or held in any fiduciary or agency capacity) free and clear of any lien, claim, charge, option,
encumbrance, mortgage, pledge or security interest or other restriction of any kind, except to the extent such securities are pledged
in the ordinary course of business consistent with prudent business practices to secure obligations of the Company or the Bank
and except for such defects in title or liens, claims, charges, options, encumbrances, mortgages, pledges or security interests
or other restrictions of any kind that would not be material to the Company and the Bank.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(xlv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Derivative
Securities</U>.&nbsp; Except as has or would not reasonably be expected to result in a Material Adverse Effect, all material swaps,
caps, floors, futures, forward contracts, option agreements (other than employee stock options) and other derivative financial
instruments, contracts or arrangements, whether entered into for the account of the Company or the Bank or for the account of a
customer of the Company or the Bank, were entered into in the ordinary course of business and in accordance and in all material
respects with applicable laws, rules, regulations and policies of all applicable regulatory agencies and with counterparties believed
to be financially responsible at the time. The Company and the Bank have duly performed in all material respects all of their obligations
thereunder to the extent that such obligations to perform have accrued. Neither the Company nor the Bank, nor, to the knowledge
of the Company, any other party thereto, is in breach of its material obligations under any such agreement or arrangement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(xlvi)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Bank
Dividend Restrictions</U>.&nbsp; Except as disclosed in each of the Registration Statement, the General Disclosure Package and
the Prospectus, the Bank is not currently prohibited, directly or indirectly, under any order of the FRB (other than orders applicable
to bank holding companies and their subsidiaries generally), the FDIC, the DBO or any other Governmental Entity, under any applicable
law, or under any agreement or other instrument to which it is a party or is subject, from paying any dividends to the Company,
from making any other distribution on the Bank&rsquo;s capital stock, from repaying to the Company any loans or advances to the
Bank from the Company or from transferring any of the Bank&rsquo;s properties or assets to the Company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Officer&rsquo;s
Certificates.</I>&nbsp; Any certificate signed by any officer of the Company delivered to the Representatives or to counsel for
the Underwriters shall be deemed a representation and warranty by the Company to each Underwriter as to the matters covered thereby.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;2.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Sale
and Delivery to Underwriters; Closing</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Initial
Shares.</I>&nbsp; On the basis of the representations and warranties herein contained and subject to the terms and conditions herein
set forth, the Company agrees to sell to each Underwriter, severally and not jointly, and each Underwriter, severally and not jointly,
agrees to purchase from the Company, at the price per share set forth in <U>Schedule&nbsp;C</U>, that number of Initial Shares
set forth in <U>Schedule&nbsp;A</U> opposite the name of such Underwriter, subject, in each case, to such adjustments among the
Underwriters as the Representatives in their sole discretion shall make to eliminate any sales or purchases of fractional securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Option
Shares.</I>&nbsp; In addition, on the basis of the representations and warranties herein contained and subject to the terms and
conditions herein set forth, the Company hereby grants an option to the Underwriters, severally and not jointly, to purchase up
to an aggregate of 427,682 Option Shares, at the price per share set forth in <U>Schedule&nbsp;C</U>, less an amount per share
equal to any dividends or distributions declared by the Company and payable on the Initial Shares but not payable on the Option
Shares.&nbsp; The option hereby granted will expire 30&nbsp;days after the date hereof and may be exercised in whole or in part
from time to time upon notice by the Representatives to the Company setting forth the number of Option Shares as to which the several
Underwriters are then exercising the option and the time and date of payment and delivery for such Option Shares.&nbsp; Any such
time and date of delivery (a &ldquo;Date of Delivery&rdquo;) shall be determined by the Representatives, but shall not be later
than seven full business days after the exercise of said option, nor in any event prior to the Closing Time, as hereinafter defined.&nbsp;
If the option is exercised as to all or any portion of the Option Shares, each of the Underwriters, acting severally and not jointly,
will purchase that proportion of the total number of Option Shares then being purchased which the number of Initial Shares set
forth in <U>Schedule&nbsp;A</U> opposite the name of such Underwriter bears to the total number of Initial Shares, subject in each
case to such adjustments as the Representatives in their discretion shall make to eliminate any sales or purchases of fractional
shares.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Payment
and Delivery of Shares.</I>&nbsp; The Securities to be purchased by each Underwriter hereunder, in book-entry form, and in such
authorized denominations and registered in such names as the Representatives may request upon at least forty-eight hours&rsquo;
prior notice to the Company shall be delivered by or on behalf of the Company to the Representatives, through the facilities of
The Depository Trust Company (&ldquo;DTC&rdquo;), for the account of such Underwriter, against payment by or on behalf of such
Underwriter of the purchase price therefor by wire transfer of Federal (same-day) funds to the account specified by the Company
to the Representatives at least forty-eight hours in advance. The time and date of such delivery and payment shall be, with respect
to the Initial Shares, 10:00 a.m. New York time, on May 8, 2018, or such other time and date as the Representatives and the Company
may agree upon in writing (such time and date of payment and delivery being herein called &ldquo;Closing Time&rdquo;) and, with
respect to the Option Shares, 10:00 a.m., New York time, on the Date of Delivery specified by the Representative in each written
notice given by the Representatives of the Underwriters&rsquo; election to purchase such Option Shares, or such other time and
date as the Representatives and the Company may agree upon in writing. It is understood that each Underwriter has authorized the
Representatives, for their accounts, to accept delivery of, receipt for, and make payment of the purchase price for, the Initial
Shares and the Option Shares, if any, which it has agreed to purchase.&nbsp; FIG and Davidson, individually and not as representatives
of the Underwriters, may (but shall not be obligated to) make payment of the purchase price for the Initial Shares or the Option
Shares, if any, to be purchased by any Underwriter whose funds have not been received by the Closing Time or the relevant Date
of Delivery, as the case may be, but such payment shall not relieve such Underwriter from its obligations hereunder.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;3.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Covenants
of the Company</U>.&nbsp; The Company covenants with each Underwriter as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Compliance
with Securities Regulations and Commission Requests.</I> Until the last Date of Delivery, the Company, subject to Section&nbsp;3(b),
will comply with the requirements of Rule&nbsp;430A and will notify the Representatives immediately, and confirm the notice in
writing, (i)&nbsp;when any post-effective amendment to the Registration Statement shall become effective, or any supplement to
the Prospectus or any amended Prospectus shall have been filed, (ii)&nbsp;of the receipt of any comments from the Commission, (iii)&nbsp;of
any request by the Commission for any amendment to the Registration Statement or any amendment or supplement to the Prospectus
or for additional information, (iv)&nbsp;of the issuance by the Commission of any stop order suspending the effectiveness of the
Registration Statement or of any order preventing or suspending the use of any preliminary prospectus, or of the suspension of
the qualification of the Securities for offering or sale in any jurisdiction, or of the initiation or threatening of any proceedings
for any of such purposes or of any examination pursuant to Section&nbsp;8(e)&nbsp;of the 1933 Act concerning the Registration Statement
and (v)&nbsp;if the Company becomes the subject of a proceeding under Section&nbsp;8A of the 1933 Act in connection with the offering
of the Securities.&nbsp; The Company will promptly effect the filings necessary pursuant to Rule&nbsp;424(b)&nbsp;in the manner
and within the time period required by Rule&nbsp;424(b)&nbsp;(without reliance on Rule&nbsp;424(b)(8)) and will take such steps
as it deems necessary to ascertain promptly whether the form of prospectus transmitted for filing under Rule&nbsp;424(b) was received
for filing by the Commission and, in the event that it was not, it will promptly file such prospectus. Until the last Date of Delivery,
the Company will make every reasonable effort to prevent the issuance of any stop order described in clause (iv)&nbsp;above and,
if any such stop order is issued, to obtain the lifting thereof at the earliest possible moment.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Filing
of Amendments.</I>&nbsp; The Company will give the Representatives notice of its intention to file or prepare any amendment to
the Registration Statement (including any filing under Rule&nbsp;462(b)), or any amendment, supplement or revision to either any
preliminary prospectus (including the prospectus included in the Registration Statement at the time it became effective) or to
the Prospectus, whether pursuant to the 1933 Act, the 1934 Act or otherwise, will furnish the Representatives with copies of any
such documents a reasonable amount of time prior to such proposed filing or use, as the case may be, and will not file or use any
such document to which the Representatives or counsel for the Underwriters shall reasonably object.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Delivery
of Registration Statements.</I>&nbsp; The Company has furnished or will deliver to the Representatives and counsel for the Underwriters,
without charge, as many signed copies as the Underwriters may reasonably request of the Registration Statement as originally filed
and of each amendment thereto (including exhibits filed therewith) and as many signed copies as the Underwriters may reasonably
request of all consents and certificates of experts, and will also deliver to the Representatives, without charge, as many conformed
copies as the Underwriters may reasonably request of the Registration Statement as originally filed and of each amendment thereto
(without exhibits) for each of the Underwriters.&nbsp; The copies of the Registration Statement and each amendment thereto furnished
to the Underwriters will be identical to the electronically transmitted copies thereof filed with the Commission pursuant to EDGAR,
except to the extent permitted by Regulation S-T.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Delivery
of Prospectuses.</I>&nbsp; The Company has delivered to each Underwriter, without charge, as many copies of each preliminary prospectus
as such Underwriter reasonably requested, and the Company hereby consents to the use of such copies for purposes permitted by the
1933 Act.&nbsp; The Company will furnish to each Underwriter, without charge, during the period when the Prospectus is required
to be delivered under the 1933 Act or the 1934 Act, such number of copies of the Prospectus (as amended or supplemented) as such
Underwriter may reasonably request.&nbsp; The Prospectus and any amendments or supplements thereto furnished to the Underwriters
will be identical to the electronically transmitted copies thereof filed with the Commission pursuant to EDGAR, except to the extent
permitted by Regulation S-T.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Continued
Compliance with Securities Laws.</I>&nbsp; The Company will comply with the 1933 Act and the 1933 Act Regulations and the 1934
Act and the 1934 Act Regulations so as to permit the completion of the distribution of the Securities as contemplated in this Underwriting
Agreement and in the Registration Statement, the General Disclosure Package and the Prospectus.&nbsp; If at any time when a prospectus
is required by the 1933 Act to be delivered in connection with sales of the Securities, any event shall occur or condition shall
exist as a result of which it is necessary, in the opinion of counsel for the Underwriters or for the Company, to amend the Registration
Statement or amend or supplement any preliminary prospectus or the Prospectus in order that such preliminary prospectus or Prospectus
will not include any untrue statements of a material fact or omit to state a material fact necessary in order to make the statements
therein not misleading in the light of the circumstances existing at the time it is delivered to a purchaser, or if it shall be
necessary, in the opinion of such counsel, at any such time to amend the Registration Statement or amend or supplement any preliminary
prospectus or the Prospectus in order to comply with the requirements of the 1933 Act or the 1933 Act Regulations, the Company
will promptly prepare and file with the Commission, subject to Section&nbsp;3(b), such amendment or supplement as may be necessary
to correct such statement or omission or to make the Registration Statement or any preliminary prospectus or the Prospectus comply
with such requirements, and the Company will furnish to the Underwriters such number of copies of such amendment or supplement
as the Underwriters may reasonably request.&nbsp; If at any time following issuance of an Issuer-Represented Free Writing Prospectus
there occurred or occurs an event or development as a result of which such Issuer-Represented Free Writing Prospectus conflicted
or would conflict with the information contained in the Registration Statement or contained or would contain an untrue statement
of a material fact required to be stated therein or necessary to make the statements therein not misleading, the Company has promptly
notified or will promptly notify the Representatives and has promptly amended or will promptly amend or supplement, at its own
expense, such Issuer-Represented Free Writing Prospectus to eliminate or correct such conflict, untrue statement or omission. If
at any time following issuance of an Issuer-Represented Free Writing Prospectus there occurred or occurs an event or development
as a result of which such Issuer-Represented Free Writing Prospectus conflicted or would conflict with the information contained
in the Prospectus or included or would include an untrue statement of a material fact or omitted or would omit to state a material
fact necessary in order to make the statements therein, in the light of the circumstances prevailing at that subsequent time, not
misleading, the Company has promptly notified or will promptly notify the Representatives and has promptly amended or will promptly
amend or supplement, at its own expense, such Issuer-Represented Free Writing Prospectus to eliminate or correct such conflict,
untrue statement or omission.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Blue
Sky Qualifications.</I>&nbsp; The Company will use its best efforts, in cooperation with the Underwriters, to qualify the Securities
for offering and sale under the applicable securities laws of such states and other jurisdictions (domestic or foreign) as the
Representatives may designate and to maintain such qualifications in effect as long as may be required to complete the distribution
of the Securities; provided, that the Company shall not be obligated to file any general consent to service of process or to qualify
as a foreign corporation or as a dealer in securities in any jurisdiction in which it is not so qualified or to subject itself
to taxation in respect of doing business in any jurisdiction in which it is not otherwise so subject. In each jurisdiction in which
the Securities have been so qualified, the Company will file such statements and reports as may be required by the laws of such
jurisdiction to continue such qualification until completion of the distribution of the Securities. The Company will also supply
the Underwriters with such information as is necessary for the determination of the legality of the Securities for investment under
the laws of such jurisdiction as the Underwriters may request.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Rule&nbsp;158.</I>&nbsp;
The Company will timely file such reports pursuant to the 1934 Act as are necessary in order to make generally available to its
securityholders as soon as practicable an earnings statement for the purposes of, and to provide the benefits contemplated by,
the last paragraph of Section&nbsp;11(a)&nbsp;of the 1933 Act.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Use
of Proceeds.</I>&nbsp; The Company will use the net proceeds received by it from the sale of the Securities in the manner specified
in the Registration Statement, the General Disclosure Package and the Prospectus under &ldquo;Use of Proceeds.&rdquo;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Listing/DTC
Eligibility. </I>&nbsp; The Company will use its best efforts to effect and maintain the listing of the Securities on the Nasdaq
Global Select Market (&ldquo;Nasdaq&rdquo;). The Company will cooperate with the Representatives and use its best efforts to permit
the Securities to be eligible for clearance, settlement and trading through the facilities of DTC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(j)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Restriction
on Sale of Securities.</I>&nbsp; During a period of 180 days from the date of the Prospectus, the Company will not, without the
prior written consent of the Representatives, (i)&nbsp;directly or indirectly, offer, pledge, sell, contract to sell, sell any
option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase or otherwise
transfer or dispose of any share of Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock
or file any registration statement under the 1933 Act with respect to any of the foregoing or (ii)&nbsp;enter into any swap or
any other agreement or any transaction that transfers, in whole or in part, directly or indirectly, the economic consequence of
ownership of the Common Stock, whether any such swap or transaction described in clause (i)&nbsp;or (ii)&nbsp;above is to be settled
by delivery of Common Stock or such other securities, in cash or otherwise.&nbsp; The foregoing sentence shall not apply to (A)&nbsp;the
Securities to be sold hereunder, (B)&nbsp;any shares of Common Stock issued by the Company upon the exercise of an option or warrant
or the conversion of a security outstanding on the date hereof and disclosed in the Registration Statement, General Disclosure
Package and Prospectus, (C)&nbsp;any shares of Common Stock issued or options to purchase Common Stock granted pursuant to existing
employee benefit plans of the Company disclosed in the Registration Statement, the General Disclosure Package and the Prospectus,
provided that such options shall not be vested and exercisable within the 180 day period referred to above, or (D)&nbsp;any shares
of Common Stock issued pursuant to any non-employee director stock plan or dividend reinvestment plan; and provided that, the Company
may file with the Commission registration statements on Form S-8 for any of the plans set forth in clauses (B) and (C) above during
the restrictive period set forth in this Section 3(j).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Reporting
Requirements.</I>&nbsp; The Company, during the period when the Prospectus is required to be delivered under the 1933 Act or the
1934 Act, will file all documents required to be filed with the Commission pursuant to the 1934 Act within the time periods required
by the 1934 Act and the 1934 Act Regulations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Lock-up
Agreements.</I>&nbsp; Within the 180-day period following the Closing Time, the Company agrees to issue stop-transfer instructions
to its transfer agent and registrar for the Common Stock with respect to any transfer or contemplated transfer that would constitute
a breach of, or default under, any lock-up agreements delivered to the Representatives as contemplated by Section&nbsp;5(i)&nbsp;hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(m)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Issuer
Free Writing Prospectus</I>. The Company represents and agrees that, unless it obtains the prior consent of the Representatives,
it has not made and will not make any offer relating to the Securities that would constitute an &ldquo;issuer free writing prospectus,&rdquo;
as defined in Rule&nbsp;433, or that would otherwise constitute a &ldquo;free writing prospectus,&rdquo; as defined in Rule&nbsp;405,
required to be filed with the Commission.&nbsp; Any such free writing prospectus consented to by the Representatives and the Company
is hereinafter referred to as an &ldquo;<I>Issuer Permitted Free Writing Prospectus</I>.&rdquo;&nbsp; The Company represents that
it has treated or agrees that it will treat each Issuer Permitted Free Writing Prospectus as an &ldquo;issuer free writing prospectus,&rdquo;
as defined in Rule&nbsp;433, and has complied and will comply with the requirements of Rule&nbsp;433 applicable to any Issuer Permitted
Free Writing Prospectus, including timely filing with the Commission where required, legending and record keeping.&nbsp; The Company
represents that it has satisfied and agrees that it will satisfy the conditions in Rule&nbsp;433 to avoid a requirement to file
with the Commission any electronic road show.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(n)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Registration
Rights, Preemptive Rights and Other Rights.</I>&nbsp; The Company agrees that it shall not release any party from a waiver of registration
rights, or from a waiver of any preemptive rights, rights of first refusal or other similar rights to purchase, or equity or debt
securities convertible into or exchangeable or exercisable for, any capital stock of the Company or the Bank, during the 180-day
restricted period referred to in Section&nbsp;3(j)&nbsp;hereof.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(o)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Emerging
Growth Company</I>.&nbsp; The Company will promptly notify the Representatives if the Company ceases to be an Emerging Growth Company
at any time prior to the later of (i)&nbsp;completion of the distribution of Securities within the meaning of the 1933 Act and
(ii)&nbsp;completion of the 180-day restricted period referred to in Section&nbsp;3(j)&nbsp;hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;4.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Payment
of Expenses</U>.</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Expenses.</I>&nbsp;
The Company will pay or cause to be paid all expenses incident to the performance of its obligations under this Underwriting Agreement,
including (i)&nbsp;the preparation, printing and filing of the Registration Statement (including financial statements and exhibits)
as originally filed and of each amendment thereto, (ii)&nbsp;the preparation, printing and delivery to the Underwriters of this
Underwriting Agreement, any Agreement among Underwriters and such other documents as may be required in connection with the offering,
purchase, sale, issuance or delivery of the Securities, (iii)&nbsp;the preparation, issuance and delivery of the certificates for
the Securities to the Underwriters, including any stock or other transfer taxes and any stamp or other duties payable upon the
sale, issuance or delivery of the Securities to the Underwriters, (iv)&nbsp;the fees and disbursements of the Company&rsquo;s counsel,
accountants and other advisors, (v)&nbsp;the qualification of the Securities under securities laws in accordance with the provisions
of Section&nbsp;3(f)&nbsp;hereof, including filing fees, (vi)&nbsp;the printing and delivery to the Underwriters of copies of each
preliminary prospectus, any Issuer-Represented Free Writing Prospectus, any Written Testing-the-Waters Communications and the Prospectus
and any amendments or supplements thereto (including any costs associated with electronic delivery of these materials), (vii)&nbsp;the
preparation, printing and delivery to the Underwriters of copies of the Blue Sky Survey and any supplement thereto, (viii)&nbsp;the
fees and expenses of any transfer agent or registrar for the Securities, (ix)&nbsp;the costs and expenses of the Company relating
to investor presentations in connection with testing-the-waters meetings or on any &ldquo;road show&rdquo; undertaken in connection
with the marketing of the Securities, including without limitation, expenses associated with the production of testing-the-waters
or road show slides and graphics, fees and expenses of any consultants engaged in connection with the testing-the-waters presentations
or road show, travel and lodging expenses of the officers of the Company and any such consultants, (x) the filing fees incurred
by the Underwriters in connection with determining their compliance with the rules and regulations of FINRA related to the Underwriters&rsquo;
participation in the offering and distribution of the Securities, (xi)&nbsp;the fees and expenses incurred in connection with the
listing of the Securities on the Nasdaq Global Select Market, and (xii) all costs and expenses of the Underwriters, including,
but not limited to, the reasonable fees and expenses of the counsel to Underwriters, and marketing, syndication and travel expenses,
provided, however, that the costs and expenses of the Underwriters shall not exceed $250,000.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Termination
of Agreement.</I>&nbsp; If this Underwriting Agreement is terminated by the Representatives in accordance with the provisions of
Section&nbsp;5, Section&nbsp;9(a)&nbsp;or Section&nbsp;11 hereof, the Company shall reimburse the Underwriters for all of their
out-of-pocket expenses, including the reasonable fees and disbursements of counsel for the Underwriters.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Conditions
of Underwriters&rsquo; Obligations</U>.&nbsp; The obligations of the several Underwriters hereunder are subject to the accuracy
of the representations and warranties of the Company contained in Section&nbsp;1 hereof or in certificates of any officer of the
Company delivered pursuant to the provisions hereof, to the performance by the Company of its covenants and other obligations hereunder,
and to the following further conditions:</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Effectiveness
of Registration Statement.</I>&nbsp; The Registration Statement, including any Rule&nbsp;462(b) Registration Statement, has become
effective and at Closing Time no stop order suspending the effectiveness of the Registration Statement shall have been issued under
the 1933 Act or proceedings therefor initiated or threatened by the Commission, and any request on the part of the Commission for
additional information shall have been complied with to the reasonable satisfaction of counsel to the Underwriters.&nbsp; A prospectus
containing the Rule&nbsp;430A Information shall have been filed with the Commission in the manner and within the time period required
by Rule&nbsp;424(b)&nbsp;(without reliance on Rule&nbsp;424(b)(8)) (or a post-effective amendment providing such information shall
have been filed and declared effective in accordance with the requirements of Rule&nbsp;430A).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Opinion
of Counsel for Company.</I>&nbsp; At Closing Time, the Representatives shall have received the opinion, dated as of Closing Time,
of Silver, Freedman, Taff &amp; Tiernan LLP, counsel for the Company, in form and substance satisfactory to counsel for the Underwriters,
together with signed or reproduced copies of such letter for each of the other Underwriters named on the cover page of the Prospectus
to the effect set forth in <U>Exhibit&nbsp;A</U> hereto. Such counsel may also state that, insofar as such opinion involves factual
matters, they have relied, to the extent they deem proper, upon certificates of officers of the Company and its subsidiaries and
certificates of public officials..</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Opinion
of Counsel for Underwriters.</I>&nbsp; At Closing Time, the Representatives shall have received the opinion, dated as of Closing
Time, of King, Holmes, Paterno &amp; Soriano, LLP, counsel for the Underwriters, together with signed or reproduced copies of such
letter for each of the other Underwriters named on the cover page of the Prospectus, in form and substance satisfactory to the
Underwriters.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Officers&rsquo;
Certificate.</I>&nbsp; At Closing Time, the Representatives shall have received a certificate of the President and Chief Executive
Officer of the Company and of the Chief Financial Officer of the Company, dated as of Closing Time, to the effect that (i)&nbsp;there
has been no Material Adverse Effect, (ii)&nbsp;the representations and warranties in Section&nbsp;1(a) hereof are true and correct
with the same force and effect as though expressly made at and as of Closing Time, (iii)&nbsp;the Company has complied with all
agreements and satisfied all conditions on its part to be performed or satisfied at or prior to Closing Time, and (iv)&nbsp;no
stop order suspending the effectiveness of the Registration Statement has been issued and no proceedings for that purpose have
been instituted or are pending or are, to their knowledge, contemplated by the Commission.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Accountant&rsquo;s
Comfort Letter.</I>&nbsp; At the time of the execution of this Underwriting Agreement, the Representatives shall have received
from VTD a letter dated the date hereof, in form and substance satisfactory to the Representatives, together with signed or reproduced
copies of such letter for each of the other Underwriters containing statements and information of the type ordinarily included
in accountants&rsquo; &ldquo;comfort letters&rdquo; to underwriters with respect to the financial statements and certain financial
information contained in the Registration Statement and General Disclosure Package.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(f)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Bring-down
Comfort Letter.</I>&nbsp; At Closing Time, the Representatives shall have received from VTD a letter, dated as of Closing Time,
to the effect that they reaffirm the statements made in the letter furnished pursuant to subsection&nbsp;(e)&nbsp;of this Section,
except that the specified date referred to shall be a date not more than three business days prior to Closing Time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(g)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Approval
of Listing.</I>&nbsp; At Closing Time, the Securities shall have been approved for listing on the Nasdaq Global Select Market under
the symbol &ldquo;BCML,&rdquo; subject only to official notice of issuance and upon consummation of the offering contemplated hereby
the Company will be in compliance with the designation and maintenance criteria applicable to such Nasdaq issues.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(h)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>No
Objection.</I>&nbsp; FINRA shall have confirmed that it has not raised any objection with respect to the fairness and reasonableness
of the underwriting terms and arrangements.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Lock-up
Agreements.</I>&nbsp; At the date of this Underwriting Agreement, the Representatives shall have received an agreement substantially
in the form of <U>Exhibit&nbsp;B</U> hereto signed by each persons listed on <U>Schedule&nbsp;D</U> hereto.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(k)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>No
Termination Event.</I>&nbsp; On or after the date hereof, there shall not have occurred any of the events, circumstances or occurrences
set forth in Section&nbsp;9(a).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(l)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Rule&nbsp;462(b)&nbsp;Registration
Statement</I>.&nbsp; In the event that a Rule&nbsp;462(b)&nbsp;Registration Statement is filed in connection with the offering
contemplated by this Underwriting Agreement, such Rule&nbsp;462(b)&nbsp;Registration Statement shall have been filed with the Commission,
in compliance with Rule&nbsp;462(b), on the date of this Underwriting Agreement and shall have become effective automatically upon
such filing.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(m)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Conditions
to Purchase of Option Shares.</I>&nbsp; In the event that the Underwriters exercise their option provided in Section&nbsp;2(b)&nbsp;hereof
to purchase all or any portion of the Option Shares, the representations and warranties of the Company contained herein and the
statements in any certificates furnished by the Company and the Bank hereunder shall be true and correct as of each Date of Delivery
and, at the relevant Date of Delivery, the Representatives shall have received:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Officers&rsquo;
Certificate</U>.&nbsp; A certificate, dated such Date of Delivery, of the President and Chief Executive Officer of the Company
and of the Chief Financial Officer of the Company confirming that the certificate delivered at the Closing Time pursuant to Section&nbsp;5(d)&nbsp;hereof
remains true and correct as of such Date of Delivery.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Opinion
of Counsel for Company</U>.&nbsp; The favorable opinion of Silver, Freedman, Taff &amp; Tiernan, LLP, counsel for the Company,
in form and substance satisfactory to counsel for the Underwriters, dated such Date of Delivery, relating to the Option Shares
to be purchased on such Date of Delivery and otherwise to the same effect as the opinion required by Section&nbsp;5(b)&nbsp;hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Opinion
of Counsel for Underwriters</U>.&nbsp; The favorable opinion of King, Holmes, Paterno &amp; Soriano, LLP, counsel for the Underwriters,
dated such Date of Delivery, relating to the Option Shares to be purchased on such Date of Delivery and otherwise to the same effect
as the opinion required by Section&nbsp;5(c)&nbsp;hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Bring-down
Comfort Letter</U>.&nbsp; A letter from VTD, in form and substance satisfactory to the Representatives and dated such Date of Delivery,
substantially in the same form and substance as the letter furnished to the Representatives pursuant to Section&nbsp;5(f)&nbsp;hereof,
except that the &ldquo;specified date&rdquo; in the letter furnished pursuant to this paragraph shall be a date not more than five
days prior to such Date of Delivery.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(v)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Termination Event</U>.&nbsp; There shall not have occurred prior to the Date of Delivery any of the events, circumstances or occurrences
set forth in Section&nbsp;9(a).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(n)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Additional
Documents.</I>&nbsp; At Closing Time and at each Date of Delivery counsel for the Underwriters shall have been furnished with such
documents and opinions as they may require for the purpose of enabling them to pass upon the issuance and sale of the Securities
as herein contemplated, or in order to evidence the accuracy of any of the representations or warranties, or the fulfillment of
any of the conditions, herein contained, and all proceedings taken by the Company in connection with the issuance and sale of the
Securities as herein contemplated shall be satisfactory in form and substance to the Representatives and counsel for the Underwriters.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(o)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Termination
of Agreement.</I>&nbsp; If any condition specified in this Section&nbsp;shall not have been fulfilled when and as required to be
fulfilled, this Underwriting Agreement, or, in the case of any condition to the purchase of Option Shares on a Date of Delivery
which is after the Closing Time, the obligations of the several Underwriters to purchase the relevant Option Shares, may be terminated
by the Representatives by written notice to the Company at any time at or prior to Closing Time or such Date of Delivery, as the
case may be, and such termination shall be without liability of any party to any other party except as provided in Section&nbsp;4
and except that Sections 1, 6, 7 and 8 shall survive any such termination and remain in full force and effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;6.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Indemnification</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Indemnification
of Underwriters.</I>&nbsp; The Company and the Bank jointly and severally agree to indemnify and hold harmless each Underwriter,
its affiliates (as such term is defined in Rule&nbsp;501(b)&nbsp;under the 1933 Act) (&ldquo;Affiliates&rdquo;), its and its Affiliates&rsquo;
respective selling agents, partners, directors, officers and employees and each person, if any, who controls any Underwriter within
the meaning of Section&nbsp;15 of the 1933 Act or Section&nbsp;20 of the 1934 Act to the extent and in the manner set forth in
clauses (i), (ii)&nbsp;and (iii)&nbsp;below as follows:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;against
any and all loss, liability, claim, damage and expense whatsoever, as incurred, arising out of any untrue statement or alleged
untrue statement of a material fact contained in the Registration Statement (or any amendment thereto), including the Rule&nbsp;430A
Information, or the omission or alleged omission therefrom of a material fact required to be stated therein or necessary to make
the statements therein not misleading or arising out of any untrue statement or alleged untrue statement of a material fact included
in any preliminary prospectus, any Issuer-Represented Free Writing Prospectus, any Written Testing-the-Waters Communication, the
General Disclosure Package or the Prospectus (or any amendment or supplement thereto), or the omission or alleged omission therefrom
of a material fact necessary in order to make the statements therein, in the light of the circumstances under which they were made,
not misleading;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;against
any and all loss, liability, claim, damage and expense whatsoever, as incurred, to the extent of the aggregate amount paid in settlement
of any litigation, or any investigation or proceeding by any governmental agency or body, commenced or threatened, or of any claim
whatsoever based upon any such untrue statement or omission, or any such alleged untrue statement or omission; provided that (subject
to Section&nbsp;6(d)&nbsp;below) any such settlement is effected with the written consent of the Company; and</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 1in">(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;against
any and all expense whatsoever, as incurred (including the fees and disbursements of counsel chosen by the Representatives), reasonably
incurred in investigating, preparing or defending against any litigation, or any investigation or proceeding by or before any governmental
agency or body, commenced or threatened, or any claim whatsoever based upon any such untrue statement or omission, or any such
alleged untrue statement or omission, to the extent that any such expense is not paid under (i)&nbsp;or (ii)&nbsp;above; provided,
that this indemnity agreement shall not apply to any loss, liability, claim, damage or expense to the extent arising out of any
untrue statement or omission or alleged untrue statement or omission made in reliance upon and in conformity with the Underwriter
Information. Notwithstanding the foregoing, the indemnification provided in this Section 6 shall not apply to the Bank if a governmental
entity having jurisdiction over the Bank by written communication addressed to the Bank or its board of directors, including in
connection with any examination of the Bank, informs the Bank or its board of directors in writing that (A) such governmental entity
has determined that such indemnification violates Sections 23A or 23B of the Federal Reserve Act, as amended, or (B) such indemnification
would give rise to civil money penalties against the Bank or the members of its board of directors. The Company and the Bank agree
to notify the Underwriter immediately upon receipt of such written advisement or notice.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The obligations of the Company and the Bank
under this Section&nbsp;and Section&nbsp;7 below shall be in addition to any liability which the Company or the Bank may otherwise
have and shall extend, upon the same terms and conditions, to each Underwriter, its Affiliates, its and its Affiliates&rsquo; respective
selling agents, partners, directors, officers and employees and each person, if any, who controls any Underwriter within the meaning
of Section&nbsp;15 of the 1933 Act or Section&nbsp;20 of the 1934 Act; and the several obligations of the Underwriters under this
Section&nbsp;and Section&nbsp;7 below shall be in addition to any liability which the respective Underwriters may otherwise have
and shall extend, upon the same terms and conditions, to each director of the Company (including any person who, with his or her
consent, is named in the Registration Statement as about to become a director of the Company), each officer of the Company who
signs the Registration Statement and to each person, if any, who controls the Company or the Bank, as the case may be, within the
meaning of the 1933 Act.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Indemnification
of Company, Directors and Officers.</I>&nbsp; Each Underwriter severally agrees to indemnify and hold harmless the Company, its
directors, each of its officers who signed the Registration Statement, and each person, if any, who controls the Company within
the meaning of Section&nbsp;15 of the 1933 Act or Section&nbsp;20 of the 1934 Act against any and all loss, liability, claim, damage,
and expense described in the indemnity contained in Section&nbsp;6(a) hereof, as incurred, but only with respect to untrue statements
or omissions, or alleged untrue statements or omissions, made in the Registration Statement (or any amendment thereto), including
the Rule&nbsp;430A Information, any preliminary prospectus, any Issuer-Represented Free Writing Prospectus, any Written Testing-the-Waters
Communication or the Prospectus (or any amendment or supplement thereto) in reliance upon and in conformity with the Underwriter
Information.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Actions
against Parties; Notification.</I>&nbsp; Each indemnified party shall give notice as promptly as reasonably practicable to each
indemnifying party of any action commenced against it in respect of which indemnity may be sought hereunder, but failure to so
notify an indemnifying party shall not relieve such indemnifying party from any liability hereunder to the extent it is not materially
prejudiced as a result thereof and in any event shall not relieve it from any liability which it may have otherwise than on account
of this indemnity agreement.&nbsp; In the case of parties indemnified pursuant to Section&nbsp;6(a)&nbsp;above, counsel to the
indemnified parties shall be selected by the Representatives, and, in the case of parties indemnified pursuant to Section&nbsp;6(b)&nbsp;above,
counsel to the indemnified parties shall be selected by the Company.&nbsp; An indemnifying party may participate at its own expense
in the defense of any such action; provided, that counsel to the indemnifying party shall not (except with the consent of the indemnified
party) also be counsel to the indemnified party.&nbsp; In no event shall the indemnifying parties be liable for fees and expenses
of more than one counsel (in addition to any local counsel) separate from their own counsel for all indemnified parties in connection
with any one action or separate but similar or related actions in the same jurisdiction arising out of the same general allegations
or circumstances.&nbsp; No indemnifying party shall, without the prior written consent of the indemnified parties, settle or compromise
or consent to the entry of any judgment with respect to any litigation, or any investigation or proceeding by or before any governmental
agency or body, commenced or threatened, or any claim whatsoever in respect of which indemnification or contribution could be sought
under this Section&nbsp;6 or Section&nbsp;7 hereof (whether or not the indemnified parties are actual or potential parties thereto),
unless such settlement, compromise or consent (i)&nbsp;includes an unconditional release of each indemnified party from all liability
arising out of such litigation, investigation, proceeding or claim and (ii)&nbsp;does not include a statement as to or an admission
of fault, culpability or a failure to act by or on behalf of any indemnified party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Settlement
Without Consent if Failure to Reimburse.</I>&nbsp; If at any time an indemnified party shall have requested an indemnifying party
to reimburse the indemnified party for fees and expenses of counsel, such indemnifying party agrees that it shall be liable for
any settlement of the nature contemplated by Section&nbsp;6(a)(ii)&nbsp;effected without its written consent if (i)&nbsp;such settlement
is entered into more than 45 days after receipt by such indemnifying party of the aforesaid request, (ii)&nbsp;such indemnifying
party shall have received notice of the terms of such settlement at least 30 days prior to such settlement being entered into and
(iii)&nbsp;such indemnifying party shall not have reimbursed such indemnified party in accordance with such request prior to the
date of such settlement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Contribution</U>.&nbsp;
If the indemnification provided for in Section&nbsp;6 hereof is for any reason unavailable to or insufficient to hold harmless
an indemnified party in respect of any losses, liabilities, claims, damages or expenses referred to therein, then each indemnifying
party shall contribute to the aggregate amount of such losses, liabilities, claims, damages and expenses incurred by such indemnified
party, as incurred, (i)&nbsp;in such proportion as is appropriate to reflect the relative benefits received by the Company on the
one hand and the Underwriters on the other hand from the offering of the Securities pursuant to this Underwriting Agreement or
(ii)&nbsp;if the allocation provided by clause (i)&nbsp;is not permitted by applicable law, in such proportion as is appropriate
to reflect not only the relative benefits referred to in clause (i)&nbsp;above but also the relative fault of the Company on the
one hand and of the Underwriters on the other hand in connection with the statements or omissions which resulted in such losses,
liabilities, claims, damages or expenses, as well as any other relevant equitable considerations.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The relative benefits received by the Company
on the one hand and the Underwriters on the other hand in connection with the offering of the Securities pursuant to this Underwriting
Agreement shall be deemed to be in the same respective proportions as the total net proceeds from the offering of the Securities
pursuant to this Underwriting Agreement (before deducting expenses) received by the Company, on the one hand, and the total underwriting
discount and commissions received by the Underwriters, on the other hand, in each case as set forth on the cover of the Prospectus
bear to the aggregate initial public offering price of the Securities as set forth on the cover of the Prospectus.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The relative fault of the Company, on the
one hand, and the Underwriters, on the other hand, shall be determined by reference to, among other things, whether any such untrue
or alleged untrue statement of a material fact or omission or alleged omission to state a material fact relates to information
supplied by the Company or by the Underwriters and the parties&rsquo; relative intent, knowledge, access to information and opportunity
to correct or prevent such statement or omission.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The Company and the Underwriters agree that
it would not be just and equitable if contribution pursuant to this Section&nbsp;7 were determined by pro rata allocation (even
if the Underwriters were treated as one entity for such purpose) or by any other method of allocation which does not take account
of the equitable considerations referred to above in this Section&nbsp;7.&nbsp; The aggregate amount of losses, liabilities, claims,
damages and expenses incurred by an indemnified party and referred to above in this Section&nbsp;7 shall be deemed to include any
legal or other expenses reasonably incurred by such indemnified party in investigating, preparing or defending against any litigation,
or any investigation or proceeding by any governmental agency or body, commenced or threatened, or any claim whatsoever based upon
any such untrue or alleged untrue statement or omission or alleged omission.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Notwithstanding the provisions of this Section&nbsp;7,
no Underwriter shall be required to contribute any amount in excess of the amount by which the total discounts, fees and commissions
received by it exceeds the amount of any damages which such Underwriter has otherwise been required to pay by reason of any such
untrue or alleged untrue statement or omission or alleged omission.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">No person guilty of fraudulent misrepresentation
(within the meaning of Section&nbsp;11(f)&nbsp;of the 1933 Act) shall be entitled to contribution from any person who was not guilty
of such fraudulent misrepresentation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">For purposes of this Section&nbsp;7, each
person, if any, who controls an Underwriter within the meaning of Section&nbsp;15 of the 1933 Act or Section&nbsp;20 of the 1934
Act and each Underwriter&rsquo;s Affiliates, its and its Affiliates&rsquo; respective selling agents, partners, directors, officers
and employees shall have the same rights to contribution as such Underwriter, and each director of the Company, each officer of
the Company who signed the Registration Statement, and each person, if any, who controls the Company within the meaning of Section&nbsp;15
of the 1933 Act or Section&nbsp;20 of the 1934 Act shall have the same rights to contribution as the Company.&nbsp; The obligations
of the Company and the Bank in this Section&nbsp;7 to contribute are joint and several subject, in the case of the Bank, to the
same limitation on indemnification as set forth in Section 6(a). The Underwriters&rsquo; respective obligations to contribute pursuant
to this Section&nbsp;7 are several in proportion to the number of Initial Shares set forth opposite their respective names in <U>Schedule
A</U> hereto and not joint.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;8.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Representations,
Warranties and Agreements to Survive Delivery</U>.&nbsp; All representations, warranties and agreements contained in this Underwriting
Agreement or in certificates of officers of the Company submitted pursuant hereto, shall remain operative and in full force and
effect, regardless of any (i)&nbsp;investigation made by or on behalf of any Underwriter, its Affiliates, its and its Affiliates&rsquo;
respective selling agents, partners, directors, officers and employees and each person, if any, who controls any Underwriter within
the meaning of Section&nbsp;15 of the 1933 Act or Section&nbsp;20 of the 1934 Act, or by or on behalf of the Company, and (ii)&nbsp;delivery
of and payment for the Securities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;9.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Termination
of Underwriting Agreement</U>.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Termination;
General.</I>&nbsp; The Representatives may terminate this Underwriting Agreement, by notice to the Company, at any time at or prior
to Closing Time (i)&nbsp;if there has been, since the time of execution of this Underwriting Agreement or since the respective
dates as of which information is given in the Registration Statement, the General Disclosure Package or the Prospectus, any Material
Adverse Effect or if the Underwriters decline to purchase the Securities for any reason permitted under this Agreement, (ii)&nbsp;if
there has occurred any material adverse change in the financial markets in the United States or the international financial markets,
any outbreak of hostilities or escalation thereof or other calamity or crisis or any change or development involving a prospective
change in national or international political, financial or economic conditions, including without limitation as a result of terrorist
activities, in each case the effect of which is such as to make it, in the judgment of the Representatives, impracticable or inadvisable
to market the Securities or to enforce contracts for the sale of the Securities, (iii)&nbsp;if trading in any securities of the
Company has been suspended or materially limited by the Commission or the Nasdaq, or if trading generally on the New York Stock
Exchange or on Nasdaq has been suspended or materially limited, or minimum or maximum prices for trading have been fixed, or maximum
ranges for prices have been required, by any of said exchanges or by such system or by order of the Commission, FINRA or any other
governmental authority, (iv)&nbsp;a material disruption has occurred in commercial banking or securities settlement or clearance
services in the United States or with respect to Clearstream or Euroclear Systems in Europe, or (v)&nbsp;if a banking moratorium
has been declared by either federal, California or New York authorities.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<I>Liabilities.</I>&nbsp;
If this Underwriting Agreement is terminated pursuant to this Section, such termination shall be without liability of any party
to any other party except as provided in Section&nbsp;4 hereof, and provided further that Sections 1, 6, 7 and 8 shall survive
such termination and remain in full force and effect.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;10.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Default by
the Underwriters</U>. If any one or more of the Underwriters shall fail or refuse to purchase Firm Shares that it or they have
agreed to purchase hereunder, and the aggregate number of Initial Shares that such defaulting Underwriter or Underwriters agreed
but failed or refused to purchase is not more than one-tenth of the aggregate number of the Initial Shares, or if any one or more
of the Underwriters shall fail or refuse to purchase Option Shares with respect to which the Underwriters have exercised their
option to purchase, each non-defaulting Underwriter shall be obligated, severally, in the proportion in which the number of Initial
Shares set forth opposite its name in Schedule I hereto bears to the aggregate number of Initial Shares set forth opposite the
names of all non-defaulting Underwriters or in such other proportion as you may agree with such non-defaulting Underwriters, to
purchase the Initial Shares or Option Shares, as the case may be, that such defaulting Underwriter or Underwriters failed or refused
to purchase. If any Underwriter or Underwriters shall fail or refuse to purchase Initial Shares and the aggregate number of Initial
Shares with respect to which such default occurs is more than one-tenth of the aggregate number of Initial Shares and arrangements
satisfactory to you and the Company for the purchase of such Initial Shares are not made within 48 hours after such default, this
Agreement will terminate without liability on the part of any non-defaulting Underwriter or the Company. In any such case that
does not result in termination of this Agreement, either you or the Company shall have the right to postpone the Closing Date,
but in no event for longer than seven (7) days, in order that the required changes, if any, in the Registration Statement and the
Prospectus or any other documents or arrangements may be effected. Any action taken under this Section 10 shall not relieve any
defaulting Underwriter from liability in respect of any such default of any such Underwriter under this Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;11.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Covenant of the
Underwriters</U>. Each Underwriter represents and agrees that, unless it obtains the prior consent of the Company and the Representatives,
it has not made and will not make any offer relating to the Securities that would constitute an &ldquo;issuer free writing prospectus,&rdquo;
as defined in Rule&nbsp;433, or that would otherwise constitute a &ldquo;free writing prospectus,&rdquo; as defined in Rule&nbsp;405,
required to be filed with the Commission.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;12.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Notices</U>.&nbsp;
All notices and other communications hereunder shall be in writing and shall be deemed to have been duly given if mailed or transmitted
by any standard form of telecommunication.&nbsp; Notices to the Underwriters shall be directed to FIG Partners, LLC, 1475 Peachtree
Street, NE, Suite 800, Atlanta, Georgia, Attn: Greg Gersack and D.A. Davidson &amp; Co., 611 Anton Blvd., Suite 600, Costa Mesa,
California 92626, Attn: Marge Sitzmann, notices to the Company shall be directed to BayCom Corp, 500 Ygnacio Valley Road, Suite
500, Walnut Creek, California 94596, Attn: George J. Guarini.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;13.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>Parties</U>.&nbsp;
This Underwriting Agreement shall inure to the benefit of and be binding upon the Underwriters, the Company, the Bank and their
respective successors.&nbsp; Nothing expressed or mentioned in this Underwriting Agreement is intended or shall be construed to
give any person, firm or corporation, other than the Underwriters, the Company, the Bank and their respective successors and the
controlling persons, officers and directors and other persons or entities referred to in Sections&nbsp;6 and 7 and their heirs
and legal representatives, any legal or equitable right, remedy or claim under or in respect of this Underwriting Agreement or
any provision herein contained.&nbsp; This Underwriting Agreement and all conditions and provisions hereof are intended to be for
the sole and exclusive benefit of the Underwriters, the Company, the Bank and their respective successors, and said controlling
persons, officers and directors and other persons or entities and their heirs and legal representatives, and for the benefit of
no other person, firm or corporation.&nbsp; No purchaser of Securities from any Underwriter shall be deemed to be a successor by
reason merely of such purchase.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;14.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>No
Fiduciaries</U>. The Company acknowledges and agrees that (i)&nbsp;the purchase and sale of the Securities pursuant to this Underwriting
Agreement, including the determination of the public offering price of the Securities and any related discounts and commissions,
is an arm&rsquo;s-length commercial transaction between the Company, on the one hand, and the several Underwriters, on the other
hand, (ii)&nbsp;in connection with the offering contemplated hereby and the process leading to such transaction each Underwriter
is and has been acting solely as a principal and is not the agent or fiduciary of the Company, the Bank, or their respective shareholders,
creditors, employees or any other third party, (iii)&nbsp;no Underwriter has assumed or will assume an advisory or fiduciary responsibility
in favor of the Company with respect to the offering contemplated hereby or the process leading thereto (irrespective of whether
such Underwriter has advised or is currently advising the Company on other matters) and no Underwriter has any obligation to the
Company with respect to the offering contemplated hereby except the obligations expressly set forth in this Underwriting Agreement,
(iv)&nbsp;the Underwriters and their respective affiliates may be engaged in a broad range of transactions that involve interests
that differ from those of the Company, and (v)&nbsp;the Underwriters have not provided any legal, accounting, regulatory or tax
advice with respect to the offering contemplated hereby and the Company has consulted its own legal, accounting, regulatory and
tax advisors to the extent it deemed appropriate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;15.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>GOVERNING
LAW</U>.&nbsp; THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">SECTION&nbsp;16.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<U>General
Provisions</U>.&nbsp; This Underwriting Agreement constitutes the entire agreement of the parties to this Underwriting Agreement
and supersedes all prior written or oral and all contemporaneous oral agreements, understandings and negotiations with respect
to the subject matter hereof.&nbsp; This Underwriting Agreement may be executed in two or more counterparts, each one of which
shall be an original, but all of which together shall constitute one and the same instrument.&nbsp; The exchange of copies of this
Underwriting Agreement and of signature pages&nbsp;by facsimile or other electronic means shall constitute effective execution
and delivery of this Underwriting Agreement by the parties hereto and may be used in lieu of the original signature pages&nbsp;to
this Underwriting Agreement for all purposes.&nbsp; This Underwriting Agreement may not be amended or modified unless in writing
by all of the parties hereto, and no condition herein (express or implied) may be waived unless waived in writing by each party
whom the condition is meant to benefit. The headings herein are for convenience only and shall not affect the construction hereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">If the foregoing is in accordance with your
understanding, please sign and return to us four counterparts hereof, and upon the acceptance hereof by the Representatives, on
behalf of each of the Underwriters, this letter and such acceptance hereof shall constitute a binding agreement among each of the
Underwriters, the Company and the Bank.&nbsp; It is understood that the Representatives&rsquo; acceptance of this letter on behalf
of each of the Underwriters is pursuant to the authority set forth in a form of Agreement among Underwriters, the form of which
shall be submitted to the Company for examination upon request, but without warranty on the Representatives&rsquo; part as to the
authority of the signers thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-size: 10pt">Very truly yours,</FONT></TD>
    <TD NOWRAP>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-size: 10pt">BAYCOM CORP</FONT></TD>
    <TD NOWRAP>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="width: 50%; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD NOWRAP STYLE="width: 5%; text-indent: 0; padding: 0"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD NOWRAP STYLE="width: 30%; border-bottom: Black 1pt solid; padding: 0; text-indent: 0">/s George J. Guarini</TD>
    <TD NOWRAP STYLE="width: 15%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD NOWRAP STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD NOWRAP STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-size: 10pt">Name: &nbsp;George J. Guarini</FONT></TD>
    <TD NOWRAP>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD NOWRAP STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD NOWRAP STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-size: 10pt">Title: &nbsp;&nbsp;&nbsp;President and Chief Executive Officer</FONT></TD>
    <TD NOWRAP>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD NOWRAP STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD NOWRAP STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD NOWRAP STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD NOWRAP STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-size: 10pt">UNITED BUSINESS BANK</FONT></TD>
    <TD NOWRAP>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD NOWRAP STYLE="text-indent: 0; padding: 0"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid; padding: 0; text-indent: 0">/s/ George J. Guarini</TD>
    <TD NOWRAP>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD NOWRAP STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD NOWRAP STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-size: 10pt">Name: &nbsp;George J. Guarini</FONT></TD>
    <TD NOWRAP>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD NOWRAP STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD NOWRAP STYLE="padding: 0; text-indent: 0"><FONT STYLE="font-size: 10pt">Title: &nbsp;&nbsp;&nbsp;President and Chief Executive Officer</FONT></TD>
    <TD NOWRAP>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">CONFIRMED AND ACCEPTED,</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-left: 0.125in">as of the date first above written:</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2" STYLE="padding-left: 0.125in">&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">FIG PARTNERS, LLC</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">D.A. DAVIDSON &amp; CO.</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD COLSPAN="2">as Representatives of the Underwriters</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 5%"><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="width: 30%"><FONT STYLE="font-size: 10pt">FIG Partners, LLC</FONT></TD>
    <TD STYLE="width: 60%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Greg Gersack</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Name:&nbsp;&nbsp;Greg Gersack</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Title:&nbsp;&nbsp;&nbsp;&nbsp;Senior Managing Principal</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD><FONT STYLE="font-size: 10pt">D.A. Davidson &amp; Co.</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD><FONT STYLE="font-size: 10pt">By:</FONT></TD>
    <TD STYLE="border-bottom: Black 1pt solid">/s/ Marge Sitzmann</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Name:&nbsp;&nbsp;Marge Sitzmann</FONT></TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-size: 10pt">Title:&nbsp;&nbsp;&nbsp;&nbsp;Managing Director</FONT></TD>
    <TD>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


<!-- Field: Page; Sequence: 23 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><!-- Field: Sequence; Type: Arabic; Name: PageNo -->23<!-- Field: /Sequence --><P STYLE="margin-top: 0; margin-bottom: 0"></P><P STYLE="margin-top: 0; margin-bottom: 0"></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SCHEDULE A</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="width: 80%; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt"><B>Name&nbsp;of&nbsp;Underwriter</B></FONT></TD>
    <TD STYLE="width: 2%; text-align: center">&nbsp;</TD>
    <TD STYLE="width: 17%; border-bottom: Black 1pt solid; text-align: center"><FONT STYLE="font-size: 10pt"><B>Number&nbsp;of</B></FONT><BR>
<FONT STYLE="font-size: 10pt"><B>Initial&nbsp;Shares</B></FONT></TD>
    <TD STYLE="width: 1%; text-align: center">&nbsp;</TD></TR>
<TR STYLE="background-color: #CCEEFF">
    <TD STYLE="vertical-align: top; padding-left: 10.1pt; text-indent: -10.1pt"><FONT STYLE="font-size: 10pt">FIG Partners, LLC</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right"><FONT STYLE="font-size: 10pt">1,710,731</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-left: 10.1pt; text-indent: -10.1pt; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt">D.A. Davidson &amp; Co.</FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 1pt">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; text-align: right; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt"><U STYLE="text-decoration: none">1,140,487</U></FONT></TD>
    <TD STYLE="vertical-align: bottom; padding-bottom: 1pt"><FONT STYLE="font-size: 10pt"></FONT></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding-left: 10.1pt; text-align: right; text-indent: -10.1pt"><FONT STYLE="font-size: 10pt"><B>Total</B></FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; border-bottom: Black 2.25pt double; text-align: right"><FONT STYLE="font-size: 10pt">2,851,218</FONT></TD>
    <TD STYLE="vertical-align: bottom">&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


<!-- Field: Page; Sequence: 24 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0"></P><P STYLE="margin-top: 0; margin-bottom: 0"></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Schedule A -&nbsp;1</P></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SCHEDULE B</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>Issuer-Represented General Free Writing
Prospectus</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Investor Presentation as filed with the
Commission on April 27, 2018</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><U>Written Testing-the-Waters Communications</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">None.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


<!-- Field: Page; Sequence: 25 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0"></P><P STYLE="margin-top: 0; margin-bottom: 0"></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Schedule B -&nbsp;1&nbsp;</P></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SCHEDULE C</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">BayCom Corp</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">2,851,218 Shares of Common Stock</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">(Without Par Value Per Share)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">1.</TD><TD STYLE="text-align: justify">The initial public offering price per share for the Securities,
determined as provided in said Section&nbsp;2, shall be $22.00.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">2.</TD><TD STYLE="text-align: justify">The purchase price per share for the Securities to be
paid by the several Underwriters shall be $20.68, being an amount equal to the initial public offering price set forth above less
$1.32 per share; provided that the purchase price per share for any Option Shares purchased upon the exercise of the option described
in Section&nbsp;2(b)&nbsp;shall be reduced by an amount per share equal to any dividends or distributions declared by the Company
and payable on the Initial Shares but not payable on the Option Shares.</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>


<!-- Field: Page; Sequence: 26 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0"></P><P STYLE="margin-top: 0; margin-bottom: 0"></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Schedule C -&nbsp;1</P></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">SCHEDULE D</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">List of persons and entities</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">subject to lock-up</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>Directors</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Lloyd W. Kendall, Jr.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">George J. Guarini</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">James S. Camp</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Harpreet S. Chaudhary</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Rocco Davis</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Malcolm F. Hotchkiss</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Robert G. Laverne, MD</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">David M. Spatz</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><U>Executive Officer Who Are Not Directors</U></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Janet L. King<BR>
Keary L. Colwell</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Izabella L. Zhu</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">David J. Funkhouser</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Charles Yun</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Mary Therese Curley</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;<B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>


<!-- Field: Page; Sequence: 27 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center"><P STYLE="margin-top: 0; margin-bottom: 0">Schedule D -&nbsp;1</P><P STYLE="margin-top: 0; margin-bottom: 0"></P></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">EXHIBIT&nbsp;B</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">LOCK-UP AGREEMENT</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.75in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;,
2018</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">FIG Partners, LLC</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">1475 Peachtree Street, NE</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Suite 800</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Atlanta, Georgia 30309</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">D.A. Davidson &amp; Co.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">611 Anton Blvd.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Suite 600</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Costa Mesa, California 92626</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">As Representatives of the several Underwriters</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; width: 100%"><TR STYLE="vertical-align: top; text-align: justify">
<TD STYLE="width: 0.5in"></TD><TD STYLE="width: 0.5in; text-align: left">Re:</TD><TD STYLE="text-align: justify"><U>Proposed Initial Public Offering of BayCom Corp</U></TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Ladies and Gentlemen:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The undersigned, a
shareholder, an executive officer and/or director of BayCom Corp, a California corporation (the &ldquo;<B>Company</B>&rdquo;),
understands that FIG Partners, LLC (&ldquo;<B>FIG</B>&rdquo;) and D.A. Davidson &amp; Co. (&ldquo;<B>Davidson</B>,&rdquo; and together
with <B>FIG</B>, the &ldquo;<B>Representatives</B>&rdquo;), as representatives of the several Underwriters (the &ldquo;<B>Underwriters</B>&rdquo;),
proposes to enter into an Underwriting Agreement (the &ldquo;<B>Underwriting Agreement</B>&rdquo;) with the Company providing for
the initial public offering (the &ldquo;<B>Offering</B>&rdquo;) of the Company&rsquo;s common stock, without par value (including
any securities convertible into or exchangeable or exercisable for such common stock, the &ldquo;<B>Common Stock</B>&rdquo;).</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36.3pt">In recognition of
the benefit that the Offering will confer upon the undersigned as a shareholder, executive officer and/or director of the Company,
and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned agrees
with each Underwriter to be named in the Underwriting Agreement that, commencing on the date hereof and ending on, and including,
the date that is 180 days from the date of the Underwriting Agreement (such period being referred to herein as the &ldquo;<B>Lock-Up
Period</B>&rdquo;), the undersigned will not without the prior written consent of FIG Partners, LLC, directly or indirectly, (i)&nbsp;offer,
pledge, sell, contract to sell, sell any option or contract to purchase, purchase any option or contract to sell, grant any option,
right or warrant for the sale of, hypothecate, establish an open &ldquo;put equivalent position&rdquo; within the meaning of Rule&nbsp;16a-1(h)&nbsp;under
the Exchange Act, or otherwise dispose of or transfer any shares of Common Stock or any securities convertible into or exchangeable
or exercisable for Common Stock, whether now owned or hereafter acquired by the undersigned or with respect to which the undersigned
has or hereafter acquires the power of disposition, or that may be deemed to be beneficially owned by the undersigned or exercise
any right with respect to the registration of any of the foregoing, or file or cause to be filed any registration statement in
connection therewith under the Securities Act of 1933, as amended (the &ldquo;<B>Securities Act</B>&rdquo;), (ii)&nbsp;enter into
any swap, hedge or any other agreement or any transaction that transfers, in whole or in part, the economic consequence of ownership
of the Common Stock, whether any such swap, hedge or transaction is to be settled by delivery of Common Stock or other securities,
in cash or otherwise, or (iii)&nbsp;publicly disclose the intention to make any such offer, pledge, sale or disposition, or to
enter into any such swap, hedge, transaction or other arrangement. For the avoidance of doubt, the undersigned acknowledges that
the foregoing shall not be applicable to any shares of Common Stock the undersigned may purchase in the Offering.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36.3pt">Notwithstanding the
foregoing, (A)&nbsp;the foregoing restrictions shall not apply to pledges in a&nbsp;<I>bona fide</I>&nbsp;transaction that are
in effect as of the date hereof to a lender to the undersigned, as disclosed in writing to the Representatives; and (B)&nbsp;the
undersigned may transfer the undersigned&rsquo;s shares of Common Stock or any securities convertible into or exchangeable or exercisable
for Common Stock (i)&nbsp;as a&nbsp;<I>bona fide</I>&nbsp;gift or gifts including through a distribution by a trust, family limited
partnership, corporation or other entity, provided that the donee or donees agree to be bound in writing by the restrictions set
forth herein; (ii)&nbsp;to any corporation, trust, family limited partnership or other entity for the direct or indirect benefit
of the undersigned or the immediate family of the undersigned; provided, that the trustee of the trust or general partner of the
family limited partnership, as the case may be, agrees to be bound by the restrictions set forth herein; and provided further,
that any such transfer shall not involve a disposition for value; (iii) transfers pursuant to a qualified domestic order or divorce
settlement or by will or intestate succession to executors, administrators, testamentary trustees, legatees or beneficiaries, provided
that the recipients of such transfers agree to be bound in writing by the restrictions set forth herein; (iv) any grant or exercise
of options or vesting of restricted shares pursuant to the Company&rsquo;s equity incentive plans, including any withholding of
Common Stock to satisfy the exercise price of outstanding options held by the undersigned or to satisfy tax obligations upon exercise
or vesting of any such awards; ; or (v)&nbsp;transactions relating to Common Stock acquired in open market transactions after the
completion of the Offering; and (v) with the prior written consent of the Representatives. For purposes of this letter agreement,
&ldquo;immediate family&rdquo; shall mean any relationship by blood, marriage, domestic partnership or adoption, not more remote
than first cousin.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36.3pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36.3pt"></P>

<!-- Field: Page; Sequence: 28; Options: NewSection; Value: 1 -->
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    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36.3pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36.3pt">In addition to the
preceding paragraph and notwithstanding anything to the contrary herein, the undersigned may enter into an agreement or trading
plan to allow brokerage sales of all or a portion of the Common Stock pursuant to Rule 10b5-1 under the Exchange Act, provided
that (i) any such brokerage sales or transfers may not occur prior to the expiration of the Lock-Up Period, (ii) prior to the expiration
of the Lock-Up Period, no public disclosure or filing under the Exchange Act or Rule 144 under the Act by any party shall be required,
or made, voluntarily reporting such agreement or trading plan, and (iii) the undersigned provides notice to the Representatives
upon entering into any such agreement or adopting any such trading plan.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36.3pt">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in">The undersigned also
agrees and consents to the entry of stop transfer instructions with the Company&rsquo;s transfer agent and registrar against the
transfer of the undersigned&rsquo;s shares of Common Stock during the Lock-Up Period, except in compliance with this letter agreement.
In furtherance of the foregoing, the Company and its transfer agent are hereby authorized to decline to make any transfer of securities
during the Lock-Up Period if such transfer would constitute a violation or breach of this letter agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36.3pt">In addition, the undersigned
agrees that, during the Lock-Up Period, without the prior written consent of the Representatives (which consent may be withheld
in their sole discretion): (i)&nbsp;the undersigned will not request, make any demand for or exercise any right with respect to,
the registration of any Common Stock and (ii)&nbsp;the undersigned waives any and all notice requirements and rights with respect
to the registration of any shares of Common Stock pursuant to any agreement, understanding or otherwise to which the undersigned
is a party.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36.3pt">The undersigned represents
and warrants that the undersigned has full power and authority to enter into this letter agreement. The undersigned agrees that
the provisions of this letter agreement shall be binding also upon the successors, assigns, heirs and personal representatives
of the undersigned.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36.3pt">The undersigned understands
that this letter agreement shall automatically terminate and the undersigned shall be released from all obligations under this
letter agreement upon the earliest to occur, if any, of: (A)&nbsp;termination of the Underwriting Agreement before the sale of
any Common Stock to the Underwriters, or (B)&nbsp;August 15, 2018, in the event that the Underwriting Agreement has not been executed
by that date.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 36.3pt">This letter agreement
shall be governed by and construed in accordance with the laws of the State of New York.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[<I>Signature page&nbsp;follows</I>]<BR></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;<BR></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<!-- Field: Page; Sequence: 29; Value: 1 -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">Exhibit B - <!-- Field: Sequence; Type: Arabic; Name: PageNo -->2<!-- Field: /Sequence --> <P STYLE="margin-top: 0; margin-bottom: 0"></P><P STYLE="margin-top: 0; margin-bottom: 0"></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <DIV STYLE="page-break-before: always; margin-top: 6pt; margin-bottom: 12pt"><P STYLE="margin: 0pt">&nbsp;</P></DIV>
    <!-- Field: /Page -->

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 36.3pt">The undersigned understands that the Company
and the Underwriters are relying upon this letter agreement in proceeding toward consummation of the Offering. The undersigned
further understands that this letter agreement is irrevocable and, unless it&rsquo;s earlier terminated according to its terms,
shall be binding upon the undersigned&rsquo;s heirs, legal representatives, successors, and assigns.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD NOWRAP>&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP><FONT STYLE="font-size: 10pt">Very truly yours,</FONT></TD>
    <TD NOWRAP>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP>&nbsp;</TD>
    <TD COLSPAN="2" NOWRAP>&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP STYLE="width: 50%">&nbsp;</TD>
    <TD NOWRAP STYLE="width: 8%"><FONT STYLE="font-size: 10pt">Signature:</FONT></TD>
    <TD NOWRAP STYLE="width: 30%; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP STYLE="width: 12%">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP>&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD NOWRAP>&nbsp;</TD>
    <TD NOWRAP><FONT STYLE="font-size: 10pt">Name:</FONT></TD>
    <TD NOWRAP STYLE="border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD NOWRAP>&nbsp;</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">[<I>Signature page to Lock-Up Agreement</I>]</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<!-- Field: Page; Sequence: 30; Options: Last -->
    <DIV STYLE="margin-top: 12pt; margin-bottom: 6pt; border-bottom: Black 1pt solid"><TABLE CELLPADDING="0" CELLSPACING="0" STYLE="border-collapse: collapse; width: 100%; font-size: 10pt"><TR STYLE="vertical-align: top; text-align: left"><TD STYLE="width: 33%">&nbsp;</TD><TD STYLE="width: 34%; text-align: center">Exhibit B - <!-- Field: Sequence; Type: Arabic; Name: PageNo -->3<!-- Field: /Sequence --> <P STYLE="margin-top: 0; margin-bottom: 0"></P><P STYLE="margin-top: 0; margin-bottom: 0"></P><P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P></TD><TD STYLE="width: 33%">&nbsp;</TD></TR></TABLE></DIV>
    <!-- Field: /Page -->

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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>tv493259_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<HTML>
<HEAD>
     <TITLE></TITLE>
</HEAD>
<BODY STYLE="font: 10pt Times New Roman, Times, Serif">

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0; text-align: right"><B>Exhibit 99.1</B></P>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><IMG SRC="image_001.jpg" ALT="" STYLE="height: 104px; width: 144px"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">May 4, 2018</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>BayCom Corp Prices Upsized Initial Public
Offering</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">WALNUT CREEK, Calif.--(GLOBE NEWS WIRE)&mdash;BayCom
Corp (the &ldquo;Company&rdquo; or &ldquo;BayCom&rdquo;) announced today the pricing of its initial public offering of 2,851,218
shares of its common stock at a public offering price of $22.00 per share. The offering was upsized from the previously announced
offering size of 2,272,727 shares of common stock. The shares are expected to begin trading on May 4, 2018 on the Nasdaq Global
Select Market under the ticker symbol &ldquo;BCML.&rdquo; The closing of the offering is expected to occur on May 8, 2018, subject
to the satisfaction of customary closing conditions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">In addition, BayCom has granted the underwriters
a 30-day option to purchase up to an additional 427,682 shares of its common stock at the initial public offering price, less the
underwriting discount, to cover any over-allotments.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">BayCom expects to receive net proceeds
of approximately $58.0 million from the offering, after deducting underwriting discounts and estimated offering expenses (or approximately
$66.8 million if the underwriters&rsquo; option to purchase additional shares of common stock is exercised in full). BayCom intends
to use the net proceeds of the offering to repay a $6.0 million term loan and for general corporate purposes, including to increase
capital levels to support further acquisitions and organic growth.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">FIG Partners, LLC is acting as lead book-running
manager with D.A. Davidson &amp; Co. as joint book-running manager for the offering. The offering is being made only by means
of a prospectus. Copies of the final prospectus relating to the proposed offering, when available, may be obtained by contacting:
FIG Partners, LLC, Attention: Greg Gersack / Lozan Aleksandrov, 1475 Peachtree Street NE, Suite 800, Atlanta, GA 30309 , by calling
1-866-344-2657 or by emailing <U>prospectus@figpartners.com</U> or D.A. Davidson &amp; Co., Attention: Syndicate, 8 Third Street
North, Great Falls, Montana 59401, by calling 1-800-332-5915 or by emailing prospectusrequest@dadco.com.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">A registration statement on Form S-1 relating
to these securities has been filed with, and declared effective by, the Securities and Exchange Commission. This press release
shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities in
any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under
the securities laws of any such state or jurisdiction.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B></B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>About BayCom Corp</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company, through its wholly owned operating
subsidiary, United Business Bank, offers a full-range of loans, including SBA, FSA and USDA guaranteed loans, and deposit products
and services to businesses and its affiliates in California, Washington and New Mexico. The Bank also offers business escrow services
and facilitates tax free exchanges through its Bankers Exchange Division. United Business Bank is an Equal Housing Lender and member
FDIC.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><B>Forward-Looking Statements</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">This press release includes &ldquo;forward-looking
statements,&rdquo; including with respect to the initial public offering. Forward-looking statements are subject to many risks
and uncertainties, including, but not limited to: changes in business plans as circumstances warrant; changes in general economic,
business and political conditions, including changes in the financial markets; and other risks detailed in the &ldquo;Cautionary
Note Regarding Forward-Looking Statements,&rdquo; &ldquo;Risk Factors&rdquo; and other sections of the registration statement.
Potential investors should note that the forward-looking statements included in this press release are not a guarantee of future
events, and that actual events may differ materially from those made in or suggested by the forward-looking statements. Forward-looking
statements generally can be identified by the use of forward-looking terminology such as &ldquo;will,&rdquo; &ldquo;propose,&rdquo;
&ldquo;may,&rdquo; &ldquo;plan,&rdquo; &ldquo;seek,&rdquo; &ldquo;expect,&rdquo; &ldquo;intend,&rdquo; &ldquo;estimate,&rdquo;
&ldquo;anticipate,&rdquo; &ldquo;believe&rdquo; or &ldquo;continue,&rdquo; or similar terminology. Any forward-looking statements
presented herein are made only as of the date of this press release, and BayCom does not undertake any obligation to update or
revise any forward-looking statements to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Contact:</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">BayCom Corp</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Keary Colwell</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Executive Vice President and Chief Financial
Officer</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">(925)-476-1800</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>



<P STYLE="margin: 0"></P>

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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
