Brief: Crossfirst Bankshares, Inc. To Enter Colorado And New Mexico Markets With Acquisition Of Farmers & Stockmens Bank / Central Bank & Trust

Crossfirst Bankshares

13/06/2022 22:55

June 13 (Reuters) - Crossfirst Bankshares Inc  CFB.O :
    * CROSSFIRST BANKSHARES, INC. TO ENTER COLORADO AND NEW
MEXICO
MARKETS WITH ACQUISITION OF FARMERS & STOCKMENS BANK / CENTRAL
BANK & TRUST
    * CROSSFIRST - F&S SHAREHOLDERS ARE EXPECTED TO RECEIVE
APPROXIMATELY $75.0 MILLION IN AGGREGATE MERGER CONSIDERATION IN
CASH AT DEAL CLOSING
    * CROSSFIRST - TRANSACTION IS CURRENTLY EXPECTED TO BE
$0.17, OR
11.7%, ACCRETIVE TO CO'S EPS IN 2023, ASSUMING FULLY PHASED IN
COST SAVINGS
    * CROSSFIRST BANKSHARES INC - CROSSFIRST BANK , WILL ACQUIRE
CENTRAL'S BANK SUBSIDIARY, FARMERS & STOCKMENS BANK, IN AN
ALL-CASH TRANSACTION
    * CROSSFIRST BANKSHARES INC - CENTRAL WILL RETAIN ITS WEALTH
MANAGEMENT SUBSIDIARIES, CORUNDUM GROUP AND CORUNDUM TRUST
COMPANY

Source text for Eikon:  ID:nBw9wBZv5a 
Further company coverage:  CFB.O 

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