Seeking Alpha

More community bank consolidation: CFS Bancorp (CITZ) agrees to a buyout from First Merchants...

More community bank consolidation: CFS Bancorp (CITZ) agrees to a buyout from First Merchants (FRME) in an all-stock deal worth $10.49/share, based on Friday's close (13.7% premium). First Merchants expects the deal to be accretive in 2014 with identified operating efficiencies of about 30% resulting in "tangible book value earnback of less than 3 years." Also of interest for those playing the trend: I, II.
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs