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SUMMIT FINANCIAL GROUP, INC. (SMMF)
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Create: Alert |
All | News | Filings
| Date Filed | Type | Description |
| 02/29/2016 |
8-K
| Acquisition/merger/asset purchase announced, Entered into consulting agreement|
Docs:
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"Agreement and Plan of Merger, by and between Summit Community Bank, Inc. and Highland County Bankshares, Inc",
"SUMMIT FINANCIAL GROUP, INC. TO ACQUIRE HIGHLAND COUNTY BANKSHARES, INC. AND SUBSIDIARY, FIRST AND CITIZENS BANK 100% Cash Consideration of $38 Per Share; Deal Value of $21.8 Million MOOREFIELD, WV AND MONTEREY, VA - February 29, 2016 - Summit Financial Group, Inc. and Highland County Bankshares, Inc. announced the signing of a definitive merger agreement between Summit Community Bank, Inc., a wholly-owned subsidiary of Summit, and HCB. Pursuant to the terms of the merger agreement, Summit Community Bank, Inc. will acquire all of the outstanding shares of common stock of HCB in exchange for cash in the amount of $38.00 per share, subject to an adjustment if HCB’s adjusted shareholders’ equity as of the effective date of the merger deviates materially from the target determined by the part...",
"Presentation of Pro Forma Financial Impact, issued by the Company" |
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