Brief: TowneBank and Village Bank and Trust Financial Corp. Announce Agreement to Merge

TowneBank

24/09/2024 13:26

Sept 24 (Reuters) - TowneBank  TOWN.O :
    * TOWNEBANK AND VILLAGE BANK AND TRUST FINANCIAL CORP.
ANNOUNCE
AGREEMENT TO MERGE
    * TOWNEBANK - VILLAGE SHAREHOLDERS TO RECEIVE $80.25 PER
SHARE IN
CASH
    * TOWNEBANK - AGGREGATE TRANSACTION VALUE APPROXIMATELY $120
MILLION
    * TOWNEBANK - TRANSACTION EXPECTED TO BE 6% ACCRETIVE TO EPS

Source text for Eikon:  ID:nGNX6mvtRs 
Further company coverage:  TOWN.O 

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