Brief: Versabank To Acquire OCC-Chartered National US Bank

VersaBank

14/06/2022 12:36

June 14 (Reuters) - VersaBank  VBNK.TO :
    * VERSABANK TO ACQUIRE OCC-CHARTERED NATIONAL US BANK,
PROVIDING
PLATFORM FOR GROWTH IN THE UNITED STATES
    * VERSABANK - DEAL FOR AN ESTIMATED US$13.5MILLION (CA$17.4
MILLION)
    * VERSABANK - THROUGH ITS UNIT VERSAHOLDINGS US CORP., HAS
SIGNED
A AGREEMENT TO ACQUIRE STEARNS BANK HOLDINGFORD, N.A.
    * VERSABANK - UPON CLOSING, SBH WILL BE RENAMED VERSABANK
USA
NATIONAL ASSOCIATION
    * VERSABANK - DEAL EXPECTED TO BE ACCRETIVE TO VERSABANK'S
EARNINGS PER SHARE WITHIN FIRST YEAR AFTER CLOSING

Source text for Eikon:  ID:nPn9CbKkYa 
Further company coverage:  VBNK.TO 

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