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BRIEF-First Bank to acquire Delanco Bancorp Inc
2017年10月18日 / 晚上9点00分 / 1 个月前

BRIEF-First Bank to acquire Delanco Bancorp Inc

Oct 18 (Reuters) - First Bank

* First Bank to acquire Delanco Bancorp Inc

* First Bank - deal for ‍approximately $13.5 million​

* First Bank - ‍merger has been unanimously approved by boards of directors of both institutions​​

* First Bank - ‍based upon first bank’s October 17, 2017 closing price of $12.75 per share, transaction is valued at $14.15 per share​

* First Bank - ‍Delanco Bancorp shareholders to get 1.11 shares of co’s common stock per each Delanco common share outstanding in an all-stock exchange​

* First Bank - ‍transaction will be immediately accretive to First Bank EPS; expect minimal dilution to tangible book value​ Source text for Eikon: Further company coverage:

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