Oct. 16, 2014, 2:48 PM
- The cash and stock deal for Eagle Bancorp (EGBN +1.9%) to acquire Virginia Heritage Bank (OTCQB:VGBK +1.5%) has also received all regulatory approvals and is expected to close on October 31.
- Previously: Another community bank deal: Eagle purchase Virginia Heritage
- Source: Press release
Jun. 10, 2014, 8:00 AM
- It's a stock and cash deal with Virginia Heritage Bank (VGBK) owners receiving in the area of $29 in aggregate consideration for each share of VGBK they own (vs. recent price of $21.66). The exchange ratio could be adjusted depending on what happens with Eagle Bancorp (EGBN) stock.
- Eagle expects the deal to be accretive to earnings within a year after the merger, and modestly dilutive to book value.
- Source: Press Release
EGBN vs. ETF Alternatives
Eagle Bancorp Inc Eagle Bancorp Inc, through EagleBank, provides commercial banking services to its business and professional clients as well as full service consumer banking services to individuals and working.
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