National Bank Holdings Corp to acquire Bank of Jackson Hole

National Bank Holdings

01/04/2022 16:44

** National Bank Holdings Corp  NBHC.N  says it will acquire
Bank of Jackson Hole (BOJH) in cash-and-stock deal  urn:newsml:reuters.com:*:nGNX6fcHFV
    ** Deal valued at $230 mln as per NBHC's Thursday close of
$40.28
    ** BOJH shareholders will receive $53 mln in cash and 4.4
mln shares of NBHC common stock  
    ** Combined bank will have $8.8 bln in pro-forma total
assets and $7.7 bln in total deposits 
    ** Deal is expected to close in H2 of the year 
    ** NBHC shares were last up 1.37% at $40.83 
    ** YTD, shares down ~7%

 (Reporting by Sohini Podder in Bengaluru)
 ((sohini.podder@thomsonreuters.com))