City Holding in Charleston, West Virginia, has actually accepted purchase Citizens Commerce Bancshares in Versailles, Kentucky. The $5.9 billion-asset City stated in a press release that it will pay $61 million in stock for the $354 million-asset Citizens. The offer is anticipated to close in the very first quarter.
M&A News is reported by Paul Davis and reprinted with consent as an adjustment of the product from TheBankSlate.com.
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