New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
December 20, 2012
08:36 EDTCVCYCentral Valley Community Bancorp to acquire Visilia Community Bank for $22.1M
Central Valley Community Bancorp and Visalia Community Bank jointly announced that a definitive merger agreement has been signed by both parties. Under the terms of the agreement, Visalia Community Bank, with four branches in Visalia and one branch in Exeter, will merge with Central Valley Community Bancorp's subsidiary, Central Valley Community Bank. The Central Valley Community Bancorp and Visalia Community Bank boards have unanimously approved the transaction, which is expected to close in 2Q13. The transaction is initially valued at approximately $22.1M or $52.00 per share to Visalia Community Bank shareholders. The purchase price is to be paid half in cash and half in Central Valley Community Bancorp common stock. Based on a value of $8.75 per share of Central Valley Community Bancorp common stock, using the 30-day volume weighted average trading price at the time when the principal terms of the agreement were being established, in the aggregate approximately 1.26M shares of Central Valley Community Bancorp common stock would be issued and $11.05M would be paid in cash. As a result, Visalia Community Bank shareholders would be entitled to receive approximately $26.00 and 2.97 shares of Central Valley Community Bancorp common stock per share.
News For CVCY From The Last 14 Days
Check below for free stories on CVCY the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
September 9, 2014
06:01 EDTCVCYCentral Valley Community initiated with a Market Perform at Keefe Bruyette
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use