Brief: Summit Financial Group To Acquire Peoples Bankshares

Summit Financial

24/07/2018 22:36

July 24 (Reuters) - Summit Financial Group Inc  SMMF.O :
    * SUMMIT FINANCIAL GROUP, INC. TO ACQUIRE PEOPLES
BANKSHARES, INC.
AND ITS WHOLLY-OWNED SUBSIDIARY, FIRST PEOPLES BANK, INC.
    * SUMMIT FINANCIAL GROUP, INC. TO ACQUIRE PEOPLES
BANKSHARES, INC.
AND ITS WHOLLY-OWNED SUBSIDIARY, FIRST PEOPLES BANK, INC.
    * SUMMIT FINANCIAL GROUP INC - DEAL FOR TRANSACTION VALUE OF
APPROXIMATELY $25.5 MILLION
    * SUMMIT FINANCIAL GROUP INC - WILL ACQUIRE ALL OF
OUTSTANDING
SHARES OF COMMON STOCK OF PEOPLES IN EXCHANGE FOR CASH IN AMOUNT
OF $47.00 PER SHARE
    * SUMMIT FINANCIAL GROUP INC - TRANSACTION HAS BEEN
UNANIMOUSLY
APPROVED BY EACH CO'S BOARD OF DIRECTORS AND IS EXPECTED TO
CLOSE EARLY IN 2019
    * SUMMIT FINANCIAL GROUP INC - DEAL FOR $47.00 PER SHARE
CASH OR
1.7193 SHARES OF SUMMIT COMMON STOCK

Source text for Eikon:  ID:nGNX30R4H4 
Further company coverage:  SMMF.O 

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