Brief: United Bancshares, Benchmark Bancorp enter plan of merger on March 22 - SEC filing

United Bancshares

22/03/2017 20:09

March 22 (Reuters) - United Bancshares Inc  UBOH.O  
    * United Bancshares Inc - on March 22 co, Benchmark Bancorp 
entered into an agreement and plan of merger - SEC filing 
    * United Bancshares Inc - all-cash transaction is valued at 
$29.5 million 
    * United Bancshares Inc - boards of directors of United and 
Benchmark have approved merger, bank merger and merger agreement 
- SEC filing 
    * United Bancshares Inc - pursuant to agreement united will 
purchase from Benchmark all of issued and outstanding shares of 
Benchmark 
    * United Bancshares Inc - pursuant to agreement, Benchmark 
will merge with and into united with united being surviving 
entity 
    * United Bancshares Inc - upon termination of merger 
agreement, Benchmark may be required to pay united a termination 
fee of $1.3 million 
 
Source text: (http://bit.ly/2nDzjF6) 
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