February 26, 2018 / 1:35 PM / 6 months ago

BRIEF-First Choice Bancorp To Acquire Pacific Commerce Bancorp

Feb 26 (Reuters) - First Choice Bancorp:

* FIRST CHOICE BANCORP TO ACQUIRE PACIFIC COMMERCE BANCORP

* FIRST CHOICE BANCORP - DEAL FOR $110.4 MILLION, OR $11.54 PER SHARE

* FIRST CHOICE BANCORP - ‍EXPECTS TRANSACTION TO BE IMMEDIATELY ACCRETIVE TO EARNINGS PER SHARE​

* FIRST CHOICE BANCORP - ‍PACIFIC COMMERCE COMMON SHAREHOLDERS WILL BE ENTITLED TO RECEIVE A FIXED RATIO OF 0.46531 SHARES OF FIRST CHOICE COMMON STOCK​

* FIRST CHOICE BANCORP - ‍EXISTING FIRST CHOICE SHAREHOLDERS WILL OWN APPROXIMATELY 63.5% OF OUTSTANDING SHARES OF COMBINED COMPANY​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below