Brief: American National Bankshares Inc. And Hometown Bankshares Corporation Announce Agreement To Merge

American National Bankshares

02/10/2018 24:32

Oct 1 (Reuters) - Hometown Bankshares Corp  HMTA.O :
    * AMERICAN NATIONAL BANKSHARES INC. AND HOMETOWN BANKSHARES
CORPORATION ANNOUNCE AGREEMENT TO MERGE
    * TRANSACTION VALUED AT APPROXIMATELY $95.6 MILLION
    * HOMETOWN SHAREHOLDERS WILL RECEIVE 0.4150 SHARES OF
AMERICAN
NATIONAL COMMON STOCK FOR EACH SHARE OF HOMETOWN COMMON STOCK
    * HOMETOWN BANKSHARES -AFTER MERGER, ROANOKE WILL SERVE AS
COMBINED BANK'S VIRGINIA BANKING HEADQUARTERS AS WELL AS CENTER
FOR ITS CORPORATE CREDIT FUNCTION
    * FOLLOWING COMPLETION OF MERGER, AMERICAN NATIONAL EXPECTS
TRANSACTION WILL BE ACCRETIVE TO EARNINGS PER SHARE
    * KEEFE, BRUYETTE & WOODS, INC. ACTED AS FINANCIAL ADVISOR
TO
AMERICAN NATIONAL
    * SANDLER O'NEILL + PARTNERS, L.P. ACTED AS FINANCIAL
ADVISOR TO
HOMETOWN
    * HOMETOWN BANKSHARES -COMBINED CO WILL HAVE ABOUT $2.4
BILLION IN
ASSETS, $1.8 BILLION IN LOANS, AND $2.0 BILLION IN DEPOSITS
ACROSS VIRGINIA AND NORTH CAROLINA

Source text for Eikon:  ID:nGNX3Y7STC 
Further company coverage:  HMTA.O 

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