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FB financial corp revises terms of Clayton Banks acquisition

Friday, 26 May 2017 04:34pm EDT

May 26 (Reuters) - FB Financial Corp :Fb financial corporation announces revised terms of clayton banks acquisition and private placement of common stock.Fb financial corp - ‍amended purchase agreement for clayton banks acquisition changes consideration mix​.Fb financial corp - ‍amended purchase agreement expected to further enhance earnings accretion in 2018 and 2019​.Fb financial corp - ‍under terms of amendment, consideration for acquisition of clayton banks includes cash consideration of $124.2 million​.Fb financial corp- stock purchase agreement has been amended to reduce stock portion of consideration to be received by clayton hc.Fb financial corp - private placement proceeds to fund cash consideration for clayton banks acquisition.Fb financial corp - ‍under terms of amendment, consideration for acquisition of clayton banks includes 1.5 million shares of fbk common stock​.Fb financial corp- agreement amended such that clayton hc's post-closing ownership in company will be less than 5% of outstanding shares.Fb financial - ‍under amended terms, consideration for acquisition of clayton banks includes $60 million of firstbank subordinated debt issued to clayton hc​.Fb financial - ‍under amended terms, consideration for acquisition of clayton banks includes $79.5 million of cash that represents return of excess capital​.Fb financial corp- amendment provides for reducing stock consideration from 5.9 million shares to 1.5 million shares.

Marlin Bidco says is extending its offer for Shawbrook

Friday, 26 May 2017 01:06pm EDT

May 26 (Reuters) - Marlin Bidco::Marlin Bidco received valid acceptances in respect of total of 16.24 million Shawbrook shares, representing approximately 6.5 percent.Marlin Bidco says that offer is being extended and will remain open for acceptance until next closing date which will be 1.00 p.m. (London time) on 2 june 2017.

Veneto Banca CEO to verify whether Atlante can take part in recapitalisation

Friday, 26 May 2017 12:31pm EDT

May 26 (Reuters) - Italy's Veneto Banca says::Board has asked CEO to verify whether top shareholder Atlante would be willing to take part in bank's precautionary recapitalisation .Board expressed full confidence in the proposed merger with Popolare di Vicenza as a way to relaunch the two banks.Board also expressed confidence in the commitment shown by Italy's economy minister to rapidly find a solution for the two lenders.

Affin Holdings Bhd says qtrly net profit 120.2 million rgt

Friday, 26 May 2017 10:13am EDT

May 26 (Reuters) - Affin Holdings Bhd ::Qtrly net profit 120.2 million rgt versus 115.6 million rgt.Qtrly revenue 509.6 million rgt versus 427 million rgt.Over the next 12 to 18 months, profitability will stabilise.

Jiangsu Zhangjiagang Rural Commercial Bank elects chairman

Friday, 26 May 2017 09:20am EDT

May 26 (Reuters) - Jiangsu Zhangjiagang Rural Commercial Bank Co Ltd <002839.SZ>:Says board elects Ji Ying as chairman.

Dah Sing Banking says Hon-Hing Wong (Derek Wong) will be appointed as chief executive

Friday, 26 May 2017 08:26am EDT

May 26 (Reuters) - Dah Sing Banking Group Ltd <2356.HK>::Hon-Hing Wong (Derek Wong) will be appointed as managing director and chief executive of DSBG.

Sparebank 1 Oestlandet valued at up to $1.04 bln in IPO

Friday, 26 May 2017 08:14am EDT

May 26 (Reuters) - Sparebank 1 Oestlandet :Expected to be admitted to listing and commence trading on Oslo Bourse mid-june 2017 under ticker "SPOL".Equity capital certificates are expected to be sold at an indicative price range between NOK 74.50 and NOK 82.Equity value of bank seen at between NOK 7.9 billion and NOK 8.7 billion ($942 million-$1.04 billion).

Dah Sing Financial appoints Gary Pak-Ling Wang as chief financial and operating officer

Friday, 26 May 2017 07:57am EDT

May 26 (Reuters) - Dah Sing Financial Holdings Ltd <0440.HK>::Gary Pak-Ling Wang will be appointed as deputy chief executive and group chief financial and operating officer of DSFH.Nicholas Mayhew will resign as an executive director of company with effect from 1 June 2017.

BKS Bank Q1 net profit up 32.1% to EUR 11.3 million‍​

Friday, 26 May 2017 07:04am EDT

May 26 (Reuters) - BKS BANK AG ::Q1 NET PROFIT UP 32.1% TO EUR 11.3 MILLION‍​.Q1 NET COMMISSION INCOME OF EUR 13.3 MILLION WAS 2.8% HIGHER THAN IN THE PREVIOUS YEAR.Q1 NET INTEREST INCOME AFTER RISK PROVISIONS SLIGHTLY UP TO EUR 28.7 MILLION.

Bank of Jiangsu to pay FY 2016 annual div on June 6

Friday, 26 May 2017 06:57am EDT

May 26 (Reuters) - Bank of Jiangsu Co Ltd <600919.SS> ::* Says it plans to pay FY 2016 annual div on June 6.

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