Reuters logo
BRIEF-Bucks County Bank to merge into First Bank
March 29, 2017 / 1:49 PM / 6 months ago

BRIEF-Bucks County Bank to merge into First Bank

March 29 (Reuters) - First Bank :

* Press release - Bucks County Bank to merge into First Bank

* Has entered into a definitive agreement and plan of reorganization with bucks county bank

* First bank - merger has been unanimously approved by boards of directors of both institutions

* First bank - following merger, combined entity will have approximately $1.3 billion in assets

* As per agreement, bucks county bank shareholders will receive 0.98 shares of first bank common stock in an all-stock exchange

* First bank - first bank expects to issue approximately 2.4 million new shares of first bank common stock to consummate transaction

* First bank - transaction is valued at $11.07 per share or approximately $27.2 million in aggregate

* Sandler O‘Neill + partners, l.p. Acted as financial advisor to first bank & hovde group, llc acted as financial advisor to bucks county bank Source text for Eikon: Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below