Civista And United Community shareholders approve merger [Seeking Alpha]
UNITED COMMUNITY BANCORP COMMON (UCBA)
US:NASDAQ Investor Relations:
ir.ucbi.com/faq.cfm
Company Research
Source: Seeking Alpha
Civista And United Community shareholders approve mergerCivista Bancshares (CIVB-0.7%) and United Community Bancorp (UCBA) announces that shareholders of both the companies haveapproved theproposed merger of United Community into CivistaThe combined company is expected to have total assets of $2.1B, total loans of $1.5B and deposits of $1.7B.Under the terms of the agreement, UCBA shareholders will receive 1.027 shares of Civista and $2.54 in cash implying a deal value of $26.22 per share, equivalent to ~$114.4M.The merger is expected to close on September 14, 2018.Click to subscribe to real-time analytics on CIVBNow read:6 Upcoming Dividend Increases »Subscribefor full text news in your inbox
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