Timberland Bancorp, Inc. and South Sound Bank Sign Definitive Merger Agreement for Acquisition of South Sound Bank
Timberland Bancorp, Inc. (TSBK)
US:NASDAQ Investor Relations:
timberlandbank.com/investor-relations
Company Research
Source: GlobeNewswire
HOQUIAM and OLYMPIA, Wash., May 23, 2018 (GLOBE NEWSWIRE) -- Timberland Bancorp, Inc. (NASDAQ:TSBK) (“Timberland”) and South Sound Bank (“South Sound Bank”) announced today the signing of an agreement and plan of merger (the “Agreement”), pursuant to which South Sound Bank will merge with and into Timberland’s subsidiary, Timberland Bank. Under the terms of the Agreement, based on 1,213,027 shares of South Sound Bank currently outstanding, South Sound Bank shareholders will receive 904,918 shares of Timberland common stock and $6.9 million in cash (fixed per share consideration of (i) 0.7460 of a share of Timberland common stock and (ii) $5.68825 in cash). The proposed transaction is expected to be accretive to Timberland’s earnings within the first year following the close and will be immediately accretive to tangible book value per share at close. Timberland is a bank holding company headquartered in Hoquiam, Washington with approximately $1.0 billion in assets, deposits of $880
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News
- Timberland Bancorp Reports Second Fiscal Quarter Net Income of $5.71 Million [Yahoo! Finance]Yahoo! Finance
- Timberland Bancorp Reports Second Fiscal Quarter Net Income of $5.71 MillionGlobeNewswire
- Those who invested in Timberland Bancorp (NASDAQ:TSBK) five years ago are up 6.7% [Yahoo! Finance]Yahoo! Finance
- Timberland Bancorp, Inc. (NASDAQ: TSBK) was downgraded by analysts at TheStreet from a "b" rating to a "c+" rating.MarketBeat
- Should You Buy Timberland Bancorp, Inc. (NASDAQ:TSBK) For Its Upcoming Dividend? [Yahoo! Finance]Yahoo! Finance
TSBK
Analyst Actions
- 3/19/24 - TheStreet
TSBK
Sec Filings
- 4/24/24 - Form 8-K
- 3/8/24 - Form 11-K
- 2/14/24 - Form SC
- TSBK's page on the SEC website