Banks

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Varengold Wertpapierhandelsbank AG says acquires participation in Hong Kong

Friday, 21 Nov 2014 10:51am EST

Varengold Wertpapierhandelsbank AG:Acquires participation of 100 pct in HPI Securities & Futures Limited based in Hong Kong, which is in particular to be integrated in Varengold Group in perspective.Says for that purpose, Varengold received permission of local regulating authority SFC.

Kotak Mahindra Bank Ltd to buy ING Vysya Bank Ltd in all-stock deal

Thursday, 20 Nov 2014 08:14am EST

ING Vysya Bank Ltd:Has granted its approval for the amalgamation of ING Vysya Bank with Kotak Mahindra Bank.The board has approved the share swap ration of 725 equity share of 5 Indian Rupees each of Kotak Mahindra Bank for every 1,000 equity shares of 10 Indian Rupees each held in ING Vysya Bank.

Kotak Mahindra Bank Ltd to buy ING Vysya Bank Ltd in all-stock deal

Thursday, 20 Nov 2014 08:14am EST

ING Vysya Bank Ltd:Has granted its approval for the amalgamation of ING Vysya Bank with Kotak Mahindra Bank.The board has approved the share swap ration of 725 equity share of 5 Indian Rupees each of Kotak Mahindra Bank for every 1,000 equity shares of 10 Indian Rupees each held in ING Vysya Bank.

J Trust Co Ltd completes acquisition of PT Bank Mutiara Tbk

Wednesday, 19 Nov 2014 10:00pm EST

J Trust Co Ltd:Acquired 793,200,325,675,265 shares (99 pct stake) of PT Bank Mutiara Tbk up from 0 share, from Indonesia Deposit Insurance Corporation (Lembaga Penjamin Simpanan) on Nov. 20.Says transaction price about 40,320 mln yen (including advisor fees).

Pacific Continental Corp announces acquisition of Capital Pacific Bancorp

Wednesday, 19 Nov 2014 08:15pm EST

Pacific Continental Corp:Announces signing of a definitive agreement to acquire Capital Pacific Bancorp, the holding company of Capital Pacific Bank, headquartered in downtown Portland, Oregon.Says as of Sept. 30, 2014, Capital Pacific had $255.9 million in total assets, $201.1 million in gross loans and $227.2 million in total deposits.Says the combination will significantly increase the Company's presence in the Portland market with pro forma Metropolitan Portland loans and deposits of $591.1 million and $483.9 million, respectively.Says under the terms of the agreement, which has been unanimously approved by the boards of directors of Pacific Continental Corporation, Pacific Continental Bank, Capital Pacific Bancorp and Capital Pacific Bank.Says the shareholders of Capital Pacific will have a choice between electing to receive either $16.00 per share in cash or 1.132 shares of the company's common stock for each share of Capital Pacific common stock or a combination of 40.0 pct.Says based on a $13.77 closing price of the company's common stock on Nov. 19, 2014, the aggregate consideration for Capital Pacific was about $42.4 million, or $15.75 per share of issued and outstanding Capital Pacific common stock.

Pacific Continental Corp announces acquisition of Capital Pacific Bancorp

Wednesday, 19 Nov 2014 08:15pm EST

Pacific Continental Corp:Announces signing of a definitive agreement to acquire Capital Pacific Bancorp, the holding company of Capital Pacific Bank, headquartered in downtown Portland, Oregon.Says as of Sept. 30, 2014, Capital Pacific had $255.9 million in total assets, $201.1 million in gross loans and $227.2 million in total deposits.Says the combination will significantly increase the Company's presence in the Portland market with pro forma Metropolitan Portland loans and deposits of $591.1 million and $483.9 million, respectively.Says under the terms of the agreement, which has been unanimously approved by the boards of directors of Pacific Continental Corporation, Pacific Continental Bank, Capital Pacific Bancorp and Capital Pacific Bank.Says the shareholders of Capital Pacific will have a choice between electing to receive either $16.00 per share in cash or 1.132 shares of the company's common stock for each share of Capital Pacific common stock or a combination of 40.0 pct.Says based on a $13.77 closing price of the company's common stock on Nov. 19, 2014, the aggregate consideration for Capital Pacific was about $42.4 million, or $15.75 per share of issued and outstanding Capital Pacific common stock.

First National Corp's First Bank to acquire Six Branches

Wednesday, 19 Nov 2014 08:42am EST

First National Corp:Announced that the signing of an agreement under which the Bank will acquire the branch banking operations of six locations in the Shenandoah Valley and central Virginia regions from Bank of America.Says the acquired branches in the Shenandoah Valley region are located in Woodstock, Elkton, Staunton and Waynesboro, and the acquired branches in the central Virginia region are located in Dillwyn and Farmville.Says the Bank expects the purchase to be completed in the second quarter of 2015, following approval by regulators and satisfaction of customary closing conditions.

Eastern Virginia Bankshares announces completion of acquisition of Virginia Company Bank

Monday, 17 Nov 2014 04:30pm EST

Eastern Virginia Bankshares Inc:Says it has completed its acquisition of Virginia Company Bank as of the close of business on Nov. 14.Says following the merger of Virginia Company Bank with and into EVB, with EVB surviving.

BNC Bancorp signs definitive agreement to acquire Valley Financial Corp

Monday, 17 Nov 2014 08:45am EST

BNC Bancorp:Enters into a definitive agreement pursuant to which BNC will acquire all of the common stock of Valley Financial in a stock transaction valued at about $101.3 mln.Under the terms of the agreement ,Valley shareholders will receive a fixed price of $20.50 for each share of Valley common stock, payable in shares of BNC common stock based upon the 20-day volume weighted average price of BNC common stock prior to the closing of the merger.Womble Carlyle Sandridge & Rice, LLP provided legal counsel to BNC, while Banks Street Partners, LLC served as financial advisor to BNC.Sandler O'Neill + Partners, LP served as financial advisor to Valley and has rendered a fairness opinion to its Board of Directors in connection with this transaction.

BNC Bancorp signs definitive agreement to acquire Valley Financial Corp

Monday, 17 Nov 2014 08:45am EST

BNC Bancorp:Enters into a definitive agreement pursuant to which BNC will acquire all of the common stock of Valley Financial in a stock transaction valued at about $101.3 mln.Under the terms of the agreement ,Valley shareholders will receive a fixed price of $20.50 for each share of Valley common stock, payable in shares of BNC common stock based upon the 20-day volume weighted average price of BNC common stock prior to the closing of the merger.Womble Carlyle Sandridge & Rice, LLP provided legal counsel to BNC, while Banks Street Partners, LLC served as financial advisor to BNC.Sandler O'Neill + Partners, LP served as financial advisor to Valley and has rendered a fairness opinion to its Board of Directors in connection with this transaction.

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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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