Banks

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Piraeus Bank to transfer 1.2 bln euros portfolio of assets to KKR Credit

10:56am EST

Piraeus Bank SA:Announces agreement to transfer and securitize a 1.2 billion euros portfolio of assets to KKR Credit.KKR to invest up to an additional 300 million euros in relation to the portfolio of assets.The transaction is expected to close in Q1 of 2015.

Tri-Valley Bank to raise $2.5 million in private placement

8:00am EST

Tri-Valley Bank:Entered into definitive agreements to sell 7,575,758 million shares of its common stock to Stephen S. Taylor Jr. and two other individual investors through a private placement offering for a total of $2.5 million.The Bank has agreed to sell 6,060,606 shares and warrants to purchase an additional 2,020,202 shares to Mr. Taylor for aggregate proceeds of $2.0 million.The Bank separately agreed to sell an additional 1,515,152 shares of common stock without warrants for $500,000, which is $0.33 per share, to two other individuals, including a member of the bank's Board of Directors.The Bank's Tier 1 leverage ratio is expected to exceed 10 pct after the close of the private placement.

Southside Bancshares Inc. completes merger with OmniAmerican Bancorp, Inc.

7:00am EST

Southside Bancshares Inc:Completes merger of OmniAmerican Bancorp, Inc. (Omni) with and into Southside and merger of Omni's wholly owned subsidiary, OmniAmerican Bank (Omni Bank), headquartered in Fort Worth, Texas, with and into Southside Bank, all effective on Dec. 17.The combined company will continue to trade on the NASDAQ Global Select Market under the symbol SBSI.Under terms of definitive agreement, Southside issued about 5,168,000 shares of Southside common stock plus about $157.4 mln in cash for all outstanding shares of Omni capital stock, for an aggregate of about $309.3 mln based on closing price of Southside's common stock on Dec.17.

Southside Bancshares Inc. completes merger with OmniAmerican Bancorp, Inc.

7:00am EST

Southside Bancshares Inc:Completes merger of OmniAmerican Bancorp, Inc. (Omni) with and into Southside and merger of Omni's wholly owned subsidiary, OmniAmerican Bank (Omni Bank), headquartered in Fort Worth, Texas, with and into Southside Bank, all effective on Dec. 17.The combined company will continue to trade on the NASDAQ Global Select Market under the symbol SBSI.Under terms of definitive agreement, Southside issued about 5,168,000 shares of Southside common stock plus about $157.4 mln in cash for all outstanding shares of Omni capital stock, for an aggregate of about $309.3 mln based on closing price of Southside's common stock on Dec.17.

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Analyst Research

Report Title Price
Provider: Brown Brothers Harriman & Co.
$12.00
Provider: Brown Brothers Harriman & Co.
$12.00
Provider: Brown Brothers Harriman & Co.
$35.00
Provider: Brown Brothers Harriman & Co.
$35.00
Provider: Swiss Capital
$92.00

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