Banks

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Columbia Banking System Inc enters idaho with Intermountain Community Bancorp merger

Wednesday, 23 Jul 2014 08:25pm EDT

Columbia Banking System Inc and Intermountain Community Bancorp:Announces signing of a definitive agreement to merge Intermountain into Columbia in a stock and cash transaction valued at about $121.5 million or about $18.22 per share based on Columbia's July 23, 2014 stock price.Says the combined company will have about $8.2 billion in assets with over 150 branches throughout Washington, Oregon and Idaho.

Columbia Banking System Inc enters idaho with Intermountain Community Bancorp merger

Wednesday, 23 Jul 2014 08:25pm EDT

Columbia Banking System Inc and Intermountain Community Bancorp:Announces signing of a definitive agreement to merge Intermountain into Columbia in a stock and cash transaction valued at about $121.5 million or about $18.22 per share based on Columbia's July 23, 2014 stock price.Says the combined company will have about $8.2 billion in assets with over 150 branches throughout Washington, Oregon and Idaho.

CIMB Group Holdings Bhd's 60 pct owned indirect subsidiary enters into SPA

Tuesday, 22 Jul 2014 08:00pm EDT

CIMB Group Holdings Bhd:Says CPAM Thailand, 60 pct owned indirect subsidiary entered into conditional share purchase agreement (SPA) with Finansa.In relation to proposed acquisition, for cash consideration of 225 mln Bhat (equivalent to about 22 mln Ringgit).

Codorus Valley Bancorp Inc to acquire Madison Bancorp Inc

Tuesday, 22 Jul 2014 05:01pm EDT

Codorus Valley Bancorp Inc:Says the company and Madison Bancorp Inc jointly announced the signing of a definitive merger agreement pursuant to which it will acquire Madison in an all-cash transaction valued at about $14.4 million, or $22.90 per share.Under the terms of the agreement, each Madison shareholder will receive $22.90 in cash, without interest.

First Merchants Corporation and Community Bancshares, Inc. announce signing of a definitive merger agreement

Tuesday, 22 Jul 2014 08:55am EDT

First Merchants Corp and Community Bancshares Inc:Executes a definitive agreement whereby Community Bancshares will merge with and into First Merchants and its wholly-owned bank subsidiary, Community Bank, will merge with and into First Merchants Bank, N.A.Transaction is expected to be completed in the first quarter of 2015.Combined company will have 107 banking offices in twenty-six Indiana counties, as well as two counties in both Ohio and Illinois.First Merchants' legal advisor was Bingham Greenebaum Doll LLP.

CIT Group to acquire OneWest Bank for $3.4 bln in cash and stock

Tuesday, 22 Jul 2014 06:31am EDT

CIT Group Inc:Enters into a definitive agreement and plan of merger with IMB Holdco LLC, the parent company of OneWest Bank N.A. for $3.4 bln in cash and stock.Expects the transaction to be 20pct accretive to earnings per share in 2016 generating an internal rate of return (IRR) of 15pct.IMB Holdco LLC shareholders will receive $2.0 bln in cash and 31.3 mln shares of CIT Group Inc. common stock currently valued at $1.4 bln assuming a CIT stock price of $44.33.J.P. Morgan Securities LLC is serving as financial advisor to CIT, and Wachtell, Lipton, Rosen & Katz is serving as CIT's legal counsel.Goldman, Sachs & Co., Bank of America Merrill Lynch and Cleary, Gottlieb, Steen & Hamilton LLP represent IMB Holdco LLC. Sullivan & Cromwell is serving as joint regulatory counsel for CIT and IMB Holdco LLC.

Banco Bilbao Vizcaya Argentaria SA announces acquisition of Catalunya Banc, S.A.

Tuesday, 22 Jul 2014 02:00am EDT

Banco Bilbao Vizcaya Argentaria SA:Says that the Management Commission of the Banking Reestructuring Fund has accepted company's bid in the competitive auction for the acquisition of Catalunya Banc, S.A.Says as a consequence, the company has executed a sale and purchase agreement with FROB, by virtue of which FROB will sell up to 100 pct. of the shares of Catalunya Banc to the company for the price of up to 1,187 million euros.

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