Banks

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TBC Bank JSC acquires micro loans portfolio from Procredit

Wednesday, 28 Jan 2015 11:27am EST

TBC Bank JSC:Announces that it will acquire the entire Micro loans portfolio from ProCredit Bank Georgia.TBC has agreed to pay a multiple on the net portfolio which is equivalent to about GEL 40 million as of the same date.Says the exact size of the portfolio to be acquired will be determined in mid-Feb. 2015 depending on the size and quality of the portfolio at the date of the transaction.

United Community Banks, Inc and MoneyTree Corporation announces merger agreement

Tuesday, 27 Jan 2015 07:29pm EST

United Community Banks, Inc:Says the company and MoneyTree Corporation ("MoneyTree") announced a definitive agreement for United to acquire MoneyTree and its wholly-owned bank subsidiary, First National Bank ("FNB").Under the terms of the merger agreement, MoneyTree shareholders will receive merger consideration consisting of 80 pct. stock and 20 pct. cash in aggregate.Says with a fixed exchange ratio that is valued at about $52 million based on United's closing price of $17.65 per share.Says that it is expected to close transaction in the second quarter of 2015.

Pacific Premier Bancorp Inc announces completion of acquisition of Independence Bank

Tuesday, 27 Jan 2015 06:00am EST

Pacific Premier Bancorp Inc:Has completed acquisition, effective as of close of business of Independence Bank.Acquisition was approved by Independence Bank shareholders at special meeting of shareholders held on Jan. 23.Under terms of merger agreement, each share of Independence Bank common stock was converted into right to receive $13.75 per share in cash or 0.9259 shares of company common stock, or a combination thereof.Says value of total deal consideration was about $79.6 mln, which includes about $6.1 mln of cash consideration for Independence Bank common stockholders, $1.4 mln of aggregate cash consideration to the holders of Independence Bank stock options and warrants, and $72.1 mln of stock consideration.

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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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