Brief: Summit Financial to acquire Highland County Bankshares Inc

Summit Financial

01/03/2016 24:00

Feb 29 (Reuters) - Summit Financial Group Inc  SMMF.O : 
 * To acquire Highland County Bankshares Inc. and subsidiary, First and 
   Citizens bank 
 * Says will acquire all of outstanding shares of common stock of HCB in 
   exchange for cash in amount of $38 per share 
 * Says transaction has been unanimously approved by each company's board of 
   directors 
 * Says estimated aggregate merger consideration in transaction is about $21.8 
   million 
 * Source text for Eikon  urn:newsml:reuters.com:*:nGNXMNQYJa 
 * Further company coverage  SMMF.O  
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