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Bank of Ozarks Inc Announces Agreement to Acquire Genala Banc, Inc. in Geneva, Alabama

Thursday, 4 Oct 2012 05:29pm EDT 

Bank of Ozarks Inc announced that it has entered into a definitive agreement and plan of merger (Agreement) with Genala Banc, Inc. According to the terms of the Agreement, the Company will acquire all of the outstanding common stock of Genala Banc, Inc. in a transaction valued at approximately $27.3 million. Following closing, the transaction is expected to be accretive to the Company`s book value per common share, tangible book value per common share and diluted earnings per common share. Genala Banc, Inc. is the holding company for The Citizens Bank, which operates one banking office in Geneva, Alabama. 

Company Quote

-1.06 -3.14%
15 Sep 2014