United States

Old National Bancorp to acquire Anchor Bank for about $303.2 mln

Tuesday, 8 Aug 2017 09:10am EDT 

Aug 8 (Reuters) - Old National Bancorp :Old National partners with Anchor Bank, expands into Minnesota's twin cities.Old National Bancorp says announced today execution of a definitive agreement under which Old National will acquire Anchor through a stock and cash merger.Old National Bancorp - definitive merger agreement has been unanimously approved by board of directors of both Old National and Anchor.Old National Bancorp - ‍anchor shareholders will receive 1.35 shares of co common stock and $2.625 in cash for each share of Anchor they hold​.Old National Bancorp - ‍based on co's closing share price on August 7, deal represents total value of approximately $303.2 million​. 

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