Brief: Santa Cruz County Bank And Lighthouse Bank Announce Agreement To Merge

West Coast Community Bancorp

29/05/2019 02:48

May 28 (Reuters) - SANTA CRUZ COUNTY BANK  SCZC.PK :
    * SANTA CRUZ COUNTY BANK AND LIGHTHOUSE BANK ANNOUNCE
AGREEMENT TO
MERGE
    * SANTA CRUZ COUNTY BANK AND LIGHTHOUSE BANK ANNOUNCED THEY
HAVE
ENTERED INTO AGREEMENT AND PLAN OF REORGANIZATION AND MERGER
    * WILL MERGE WITH AND INTO SANTA CRUZ COUNTY BANK IN
ALL-STOCK
DEAL VALUED AT ABOUT $68.87 MILLION OR $25.50 PER LIGHTHOUSE
BANK SHARE
    * MERGER WILL INCREASE SANTA CRUZ COUNTY BANK'S TOTAL ASSETS
TO
NEARLY $1 BILLION ON A PRO FORMA BASIS
    * CO'S SHAREHOLDERS WILL RECEIVE FIXED EXCHANGE RATIO OF
0.5204
SHARES OF SANTA CRUZ COUNTY BANK STOCK IN EXCHANGE FOR EACH
SHARE OF CO'S STOCK

Source text for Eikon:  ID:nPnFprKka 
Further company coverage:  LGHT.PK 

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