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Stock impact report

City Holding Company Announces Acquisitions Bolstering Kentucky Presence

City Holding Company (CHCO) 
Last city holding company earnings: 4/28 07:30 am Check Earnings Report
Company Research Source: Business Wire
CHARLESTON, W.Va. & ASHLAND, Ky. & CYNTHIANA, Ky.--(BUSINESS WIRE)-- City Holding Company (“City”) (Nasdaq: CHCO), the parent company of City National Bank of West Virginia, announced today the concurrent signing of two separate definitive merger agreements. Under one agreement, City will acquire Poage Bankshares, Inc., (“Poage”) (Nasdaq: PBSK), the parent company of Town Square Bank, Ashland, Kentucky; under the other agreement, City will acquire Farmers Deposit Bancorp, Inc. (“Farmers Deposit”), the parent company of Farmers Deposit Bank, Cynthiana, Kentucky. Upon completion of the Poage merger, the subsidiary bank of Poage and will merge into City National Bank of West Virginia. Upon completion of the Farmers Deposit merger, the subsidiary bank of Farmers Deposit and will merge into City National Bank of West Virginia. Based upon financial data as of March 31, 2018, the combined company will have $4.8 bill Show less Read more
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