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.