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Umpqua Holdings Corp Completes Acquisition Of Circle Bancorp

Thursday, 15 Nov 2012 08:10am EST 

Umpqua Holdings Corp announced the completion of the acquisition of California-based Circle Bancorp, parent company of Circle Bank. The final agreement provides for cash consideration to the common shareholders of $20.4 million, or $17.75 per share. Including the planned cash redemption of $3.5 million in preferred stock and the value of outstanding options and warrants, the total aggregate deal value is approximately $24.9 million. Effective today, all Circle Bank branches are operating under the Umpqua Bank name. 

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0.31 +1.95%
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