Brief: Oak Valley Bancorp to buy Mother Lode Bank
27/08/2015 12:26
Aug 27 (Reuters) - Oak Valley Bancorp OVLY.O : * Oak Valley Bancorp says Oak Valley Bancorp will acquire all outstanding stock OF Mother Lode Bank for $7.3 mln in cash * Oak Valley Bancorp and Mother Lode Bank announce signing of definitive merger agreement * Oak Valley Bancorp will acquire stock of Mother Lode Bank in exchange for $1.65 per share of common stock * says the transaction will be accretive to Oak Valley's earnings per share beginning in 2016 * each member of board of Mother Lode Bank has agreed to vote all of his shares of common stock in favor of the transaction * H. Randolph Holder, current director of mother lode bank, expected to join board for co, oak valley community bank upon closing * Source text for Eikon ID:nMKWX7tFVa * Further company coverage OVLY.O ((Bengaluru Newsroom; +1 646 223 8780))