HomeStreet, Inc. to Acquire Orange County Business Bank
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HomeStreet (HMST) to Acquire Orange County Business Bank for $11.70/Share
September 28, 2015 11:04 AM EDTHomeStreet (Nasdaq: HMST) has entered into a definitive agreement under which it will acquire Orange County Business Bank (OTC: OCBB) (OCBB), a California banking corporation.
The proposed transaction was approved by the boards of both companies and is expected to close late in the fourth quarter of 2015 or early in the first quarter of 2016, subject to certain conditions set forth in the merger agreement and the customary closing conditions, including OCBB shareholder and state and federal regulatory approvals.
Under the terms of the agreement, HomeStreet will... More
