Clayton banks’ acquisition by 世界赌博十大网站 gets regulatory approvals

Cortney Roark , USA TODAY NETWORK – Tennessee

出版时间12:16.m. 美国东部时间2017年7月6日 更新1:31.m. 东部时间2017年7月6日

FB金融公司., a holding company of Nashville-based 世界赌博十大网站, has received all regulatory approvals for the acquisition of Clayton Bank and Trust and American City Bank from Clayton HC Inc.

在284美元下面.200万的交易, 世界赌博十大网站 will acquire all of the issued and outstanding shares of Clayton Bank and American City Bank from Clayton HC, according to a news release on Thursday.

When the transaction closes, both banks will merge into 世界赌博十大网站 as the surviving entity. Clayton HC is the sole shareholder of the two banks.

Clayton HC is more than 98 percent owned by Clayton 首页s founder Jim Clayton, who also is chairman and CEO of Clayton HC.

完成交易

“We are excited to have received all necessary regulatory approvals for our pending acquisition of the Clayton Banks which we expect to close at the end of the month,——克里斯托弗·T. Holmes, FB Financial’s president and CEO said in a news release. “The cultures of the banks have complemented each other even better than we expected. Both the Clayton and 世界赌博十大网站 teams have been working hard to ensure a smooth integration of the companies.”

The company also announced it will hold a special shareholder meeting July 28 to approve issuance of the stock consideration to Clayton HC as partial consideration for the acquisition of the Clayton Banks.

增加1美元.20亿美元资产

The acquisition, which would add $1.2 billion in assets for the combined banks, is expected to close on approximately July 31, subject to approval by the company’s shareholders and the satisfaction of other customary closing conditions in the Stock Purchase Agreement, 新闻稿说.

“We are thrilled to join the 世界赌博十大网站 team and believe this is an exceptional opportunity for our customers who will gain access to additional products, services and a broader branch network while being able to rely upon the same strong customer service that the Clayton Banks have provided for many years,” Clayton said in a news release.

FB Financial estimates earnings per share accretion in the low teens and approximately 6.0 percent tangible book value dilution at closing, which it expects will be earned back in 十大正规网投信誉平台 1.5年.