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1 年前
BRIEF-Riverview Community Bank and Mbank announce signing of a purchase and assumption agreement
2016年9月29日 / 上午10点17分 / 1 年前

BRIEF-Riverview Community Bank and Mbank announce signing of a purchase and assumption agreement

Sept 29 (Reuters) - Riverview Bancorp Inc

* Riverview Community Bank and Mbank announce signing of a purchase and assumption agreement

* Riverview will acquire certain assets of Mbank, including approximately $130 million in net loans and will assume certain liabilities

* Riverview Bancorp Inc says transaction is expected to be accretive to earnings in first full year

* All Mbank locations will continue to operate as Mbank branches until transaction is completed

* Deal includes approximately $128 million of Mbank's customer deposits

* Agreement also provides that Riverview Bancorp will assume obligations of Merchants Bancorp's trust preferred securities

* Following transaction, no banking services will be provided by Mbank. Source text for Eikon: Further company coverage:

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