Brief: Timberland Bancorp To Acquire South Sound Bank

Timberland Bancorp

23/05/2018 12:18

May 23 (Reuters) - Timberland Bancorp Inc  TSBK.O :
    * TIMBERLAND BANCORP, INC. AND SOUTH SOUND BANK SIGN
DEFINITIVE
MERGER AGREEMENT FOR ACQUISITION OF SOUTH SOUND BANK
    * TIMBERLAND BANCORP INC - SOUTH SOUND BANK SHAREHOLDERS
WILL
RECEIVE 904,918 SHARES OF TIMBERLAND COMMON STOCK AND $6.9
MILLION IN CASH
    * TIMBERLAND BANCORP INC - PROPOSED TRANSACTION IS EXPECTED
TO BE
ACCRETIVE TO TIMBERLAND'S EARNINGS WITHIN FIRST YEAR FOLLOWING
CLOSE
    * TIMBERLAND BANCORP INC - PROPOSED TRANSACTION WILL BE
IMMEDIATELY ACCRETIVE TO TANGIBLE BOOK VALUE PER SHARE AT CLOSE
    * TIMBERLAND BANCORP - ANNOUNCED AGREEMENT AND PLAN OF
MERGER
PURSUANT TO WHICH SOUTH SOUND BANK WILL MERGE WITH & INTO CO'S
SUBSIDIARY, TIMBERLAND BANK

Source text for Eikon:  ID:nGNX4jk7mm 
Further company coverage:  TSBK.O 

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