Posted In Fund VI

International Bank Acquired by Seasoned Ownership Group of Banking Executives

  • Posted 06/27/2018
  • Castle Creek
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Denver, CO–(PRWeb)–InBankshares, Corp (“InBankshares”), a newly established bank holding company founded by a group of seasoned banking executives, announced today that it has raised approximately $70 million of common equity and completed the acquisition of Raton Capital Corporation, the bank holding company for New Mexico-based International Bank, for cash consideration of $46.3 million. The transaction was approved by shareholders and CONTINUE READING >>

CNB Bank Shares Closes Jacksonville Bancorp Deal

  • Posted 06/5/2018
  • Castle Creek
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Copyright © 2018, SNL Financial By Fatima Aitizaz Carlinville, Ill.based CNB Bank Shares, Inc. on June 4 completed its acquisition of Jacksonville, Ill.-based Jacksonville Bancorp Inc [according to a Form 8-K]. As part of the $61.6 million deal, each share of Jacksonville Bancorp common stock was converted into the right to receive $33.70 in cash. Furthermore, each option to purchase CONTINUE READING >>

Suncrest Bank Completes Merger with CBBC

  • Posted 05/23/2018
  • Castle Creek
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SACRAMENTO, Calif. and VISALIA, Calif.–(PRNewswire)–Suncrest Bank (OTCQX: SBKK) (“Suncrest”) today announced that it has completed its merger with CBBC (“Community Business Bank”). In addition, Suncrest Bank also announced that it has completed a private placement of $25.0 million of the bank’s common stock. Both the merger and the private placement were completed per the terms first announced on November 7, CONTINUE READING >>

Suncrest Bank and CBBC Receive Regulatory Approval to Merge

  • Posted 05/16/2018
  • Castle Creek
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SACRAMENTO, Calif. and VISALIA, Calif.–(PRNewswire)–Suncrest Bank (OTCQX: SBKK) (“Suncrest”) and CBBC Bancorp (OTCBB: CBBC) (“CBBC”), the parent company of Community Business Bank, today announced that they have received all necessary regulatory approvals to complete their proposed merger. The anticipated closing date of the merger is May 21st 2018. “We are looking forward to completing this transformational deal and welcoming both CONTINUE READING >>