Posted In Fund V

Summit Financial Group, Inc. to Acquire Peoples Bankshares, Inc. and Its Wholly-Owned Subsidiary, First Peoples Bank, Inc.

  • Posted 07/24/2018
  • Castle Creek
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MOOREFIELD, W. Va. and MULLENS, W.Va.–(GLOBE NEWSWIRE)–Summit Financial Group, Inc. (“Summit”) (NASDAQ:SMMF) and Peoples Bankshares, Inc. (“Peoples”) announce the signing of a definitive merger agreement between Summit and Peoples. Pursuant to the terms of the merger agreement, Summit will acquire all of the outstanding shares of common stock of Peoples in exchange for cash in the amount of $47.00 per CONTINUE READING >>

OTC Markets Group Welcomes Delmarva Bancshares to OTCQX

  • Posted 06/20/2018
  • Castle Creek
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NEW YORK, June 20, 2018–(PRNewswire)–OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 10,000 U.S. and global securities, today announced Delmarva Bancshares, Inc. (OTCQX: DLMV), a Bank Holding Company for 1880 Bank, a state-chartered, Federal Reserve member commercial bank, has qualified to trade on the OTCQX® Best Market. Delmarva Bancshares upgraded to OTCQX from the Pink Market. Delmarva Bancshares CONTINUE READING >>

German American Bancorp, Inc. and First Security, Inc. Announce Definitive Merger Agreement

  • Posted 05/22/2018
  • Castle Creek
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JASPER, Ind.–(GLOBE NEWSWIRE)–German American Bancorp, Inc. (Nasdaq:GABC) (“German American”) and First Security, Inc. (OTCQX:FIIT) (“First Security”) announced today that they have entered into a definitive agreement to merge First Security into German American. Upon completion of the transaction, First Security’s subsidiary bank, First Security Bank, Inc., will be merged into German American’s subsidiary bank, German American Bank. Under terms of CONTINUE READING >>

Stifel Financial Corp. to Further Enhance Banking Capabilities With the Acquisition of Business Bancshares, Inc.

  • Posted 05/10/2018
  • Castle Creek
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ST. LOUIS, Mo.–(GLOBE NEWSWIRE)–Stifel Financial Corp. (SF) and Business Bancshares, Inc. today announced that the companies have entered into a definitive agreement under which Stifel Financial Corp. will acquire Business Bancshares, Inc. and its wholly owned subsidiary, The Business Bank of St. Louis. Terms of the transaction were not disclosed, and it is expected to close in the fourth quarter CONTINUE READING >>