Jul. 20, 2015, 9:36 AM
- Flushing's United International Bank has about $179M in assets, $140M in loans, $151M in deposits, and $20M in shareholder's equity.
- The purchase price will be book value plus $1.2M, subject to adjustments as outlined in the sales agreement.
- Preferred (NASDAQ:PFBC) expects the deal to be accretive to 2016 EPS and to have minimal dilution to tangible book value at closing.