August 1, 2017 / 2:12 AM / 2 years ago

BRIEF-Bank of Marin Bancorp says to buy Bank of Napa

July 31 (Reuters) - Bank Of Marin Bancorp

* Bank of Marin Bancorp announces acquisition agreement with Bank of Napa

* Says deal will be immediately accretive to BMRC’s earnings, adding to shareholder value

* BNNP shareholders will receive fixed exchange ratio of 0.3070 shares of BMRC common stock for each share of BNNP common stock outstanding

* Transaction is valued at $51.0 million, or $20.25 per share of BNNP common stock

* Upon closing deal, BMRC will add one board member from Bank of Napa to its board Source text for Eikon: Further company coverage:

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