New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
November 25, 2013
08:08 EDTWSFSWSFS Financial to merge with First Wyoming Financial in deal valued at $64M
WSFS Financial announced that it has signed a definitive agreement to merge with First Wyoming Financial Corporation. Following the merger, The First National Bank of Wyoming, the wholly owned subsidiary of First Wyoming Financial Corporation, will be merged with WSFS Bank. The transaction is valued at approximately $64M. Under the terms of the agreement, all shares of First Wyoming Financial Corporation common stock will be exchanged in the aggregate for $32M in cash and 452,756 shares of WSFS common stock. Each stockholder of First Wyoming Financial Corporation will be able to elect to receive, for each of their shares of First Wyoming Financial Corporation common stock, either .8484 shares of WSFS common stock or $60.00 in cash. The closing is anticipated to occur during the third quarter of 2014, subject to approval by First Wyoming Financial Corporation shareholders, regulatory approvals and other customary closing conditions. The transaction is expected to be accretive to WSFS earnings per share in the first year of operations, after transaction and integration costs. WSFS expects little to no tangible book value dilution from the transaction. The impact on tangible book value, if any, will be earned back within one year through meaningful earnings accretion.
News For WSFS From The Last 14 Days
Check below for free stories on WSFS the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
There are no results for WSFS

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