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Stock Market & Financial Investment News

News Breaks
June 12, 2014
09:28 EDTFCZAFirst Citizens Banc responds to claims against board by Harwood Feffer
The law firm of Harwood Feffer announced it was investigating potential claims against the board of First Citizens Banc concerning the proposed acquisition of the company by First Citizens BancShares. James Miller, President and CEO stated, "This is definitely a case of mistaken identity. While our name is similar, we are not a party to the acquisition and have not been notified of any investigations regarding our Company or Directors of our Company."
News For FCZA From The Last 14 Days
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September 16, 2014
14:03 EDTFCZAFirst Citizens BancShares merger approved by shareholders
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September 11, 2014
08:50 EDTFCZAFirst Citizens Banc to Acquire TCNB Financial Corp for $17.2M
First Citizens Banc and TCNB Financial Corp, Dayton, Ohio, have signed a definitive agreement and plan of merger which provides for First Citizens to acquire TCNB, and its wholly-owned subsidiary, The Citizens National Bank of Southwestern Ohio, in an all-cash transaction. Citizens National currently operates three branches in the Dayton market. First Citizens has agreed to pay $23.50 in cash for each outstanding share of TCNB common stock for a total cash consideration of approximately $17.2M. First Citizens expects this acquisition to be accretive to earnings in 2015 and have a tangible book value earn-back of approximately 3.5 years. The transaction is anticipated to close during 1Q15. On June 30, TCNB had total assets of $105M, total loans of $75M and total deposits of $93M.

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