- The deal value is about $28M based on last night's closing price of Salisbury (SAL). Riverside shareholders will receive 1.35 shares of Salisbury for each share of Riverside they own.
- The combined group will have about $808M in assets, $630M in loans, and $682M in deposits with 13 branches in CT, MA, and NY.
- The deal is expected to be accretive to EPS by more than 10% and boost Salisbury's tangible common equity ratio.
- SAL shares have not yet opened for trade.
- Press release