Jun. 24, 2014, 8:18 AM
- State Bank Financial (STBZ) agrees to acquire Georgia-Carolina Bancshares (GECR) in a cash and stock deal with valuation of roughly $82M, or $22.35 per share (vs. last night's close of $13.71). The deal is expected to close in 2015 Q1.
- State Bank will host a conference call to discuss at 10 ET.
- The acquirer is ahead 4% premarket.
State Bank Financial Corp. operates as a bank holding company. The company primarily conducts business through its wholly-owned banking subsidiary, State Bank & Trust Co. The bank operates a full service banking business and offers commercial and retail banking products. Its services include... More
Industry: Money Center Banks
Country: United States
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