Nevada Business in Banking & Finance

Western Liberty Bancorp Announces the Signing of a Definitive Agreement to Acquire Service1st Bank o
LAS VEGAS, Nov. 9 /PRNewswire-FirstCall/ -- Western Liberty Bancorp (NYSE AMEX: WLBC) (the "Company") and Service1st Bank of Nevada ("Service1st") today jointly announced that they have signed a definitive agreement for WLBC to acquire Service1st. Completion of the transaction is subject to customary conditions, including receipt of all required regulatory approvals. The purchase price will be conveyed in common stock and will be a function of tangible book value on the last day of the month preceding the closing date. Additionally, the existing equityholders of Service1st may be entitled to a payment of contingent merger consideration if at any time during the first two years following the closing date, the closing price per share of the Company's common stock is greater than $12.75 for 30 consecutive trading days.
[ source ] http://money.cnn.com : November 9, 2009 |  Comments: (0)

Comment on this article

Your Name (as you would like it to appear)



< Back to Industry News

Access NBJ Features

Utrack Login

NBJ

Subscribe to NBJ

Face to Face
NBJ Polls
Subscriptions Features Industry News Book of Lists Services Advertising Contact Home
Commercial Industry News and Listings

Post & Track Nevada's Biggest Real Estate Deals: Only at THE RED REPORT.COM