Premier Financial Bancorp (PFBI) to Acquire Abigail Adams National Bancorp (AANB) for $10.9M
Premier Financial Bancorp, Inc. (Nasdaq: PFBI) and Abigail Adams National Bancorp, Inc. (Nasdaq: AANB) jointly announced that they have entered into a definitive agreement whereby Premier will acquire Adams in a 100% stock exchange valued at approximately $10.9 million based on Premier's closing stock price on December 31, 2008.
The resulting community banking organization will have consolidated assets of approximately $1.2 billion, with approximately $950 million in total deposits and $800 million in total loans
Premier Financial Bancorp, Inc., through its subsidiaries, provides community banking services to individuals and small-to-medium sized businesses in Kentucky, Ohio, and West Virginia.
The resulting community banking organization will have consolidated assets of approximately $1.2 billion, with approximately $950 million in total deposits and $800 million in total loans
Premier Financial Bancorp, Inc., through its subsidiaries, provides community banking services to individuals and small-to-medium sized businesses in Kentucky, Ohio, and West Virginia.
You May Also Be Interested In
- UPDATE: SAP's (SAP) America Unit to Buy Ariba (ARBA) for $45/Share
- Amylin (AMLN) Shares Jump as Bids Due Today, Sanofi (SNY), Merck (MRK) Said to Make First-Round Bids
- UPDATE: Angelo, Gordon to Acquire Benihana (BNHN) for $16.30/Share in Cash
Create E-mail Alert Related Categories
Mergers and AcquisitionsSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
