Brief: Capstar Bank, The First National Bank Of Manchester, And The Bank Of Waynesboro Agree To Merge

Capstar Financial Holdings

23/01/2020 22:30

Jan 23 (Reuters) - CapStar Financial Holdings Inc  CSTR.O :
    * PRESS RELEASE - CAPSTAR BANK, THE FIRST NATIONAL BANK OF
MANCHESTER, AND THE BANK OF WAYNESBORO AGREE TO MERGE
    * CAPSTAR FINANCIAL HOLDINGS INC -  UNDER TERMS, FCB AND BOW
SHAREHOLDERS WILL RECEIVE 3.63 MILLION CAPSTAR COMMON SHARES AND
$26.4 MILLION IN CASH
    * CAPSTAR FINANCIAL HOLDINGS - EXPECTS TRANSACTION TO BE
APPROXIMATELY 5% AND 14% ACCRETIVE TO EARNINGS PER COMMON SHARE
IN 2020 AND 2021, RESPECTIVELY
    * CAPSTAR FINANCIAL HOLDINGS - EXPECTS TANGIBLE BOOK VALUE
PER
SHARE DILUTION TO BE EARNED BACK IN LESS THAN THREE YEARS FROM
DEAL

Source text for Eikon:  ID:nGNX6Vgvss 
Further company coverage:  CSTR.O 

 ((Reuters.Briefs@thomsonreuters.com;))