Latest Summit Bancshares Inc (SMAL) Headlines C
Post# of 4
Posted On: 03/11/2014 9:39:03 AM
Latest Summit Bancshares Inc (SMAL) Headlines
Commerce Bancshares, Inc. Announces Completion of Its Merger with Summit Bancshares Inc.
Business Wire - Fri Aug 30, 3:42PM CDT
Commerce Bancshares, Inc. (NASDAQ:CBSH) announced today that the shareholders of Summit Bancshares Inc., parent company of Summit Bank, have approved the merger of Summit Bancshares Inc. (Summit) into a wholly owned subsidiary of Commerce Bancshares, Inc., effective September 1. Summit has total loans of $206 million and total deposits of $230 million and the transaction will be valued at approximately $44 million in Commerce Bancshares stock. With the merger of Summit Bank into Commerce Bank, combined, Commerce Bank will have approximately $454 million in loans, $363 million in total deposits, and more than 1,300 business banking relationships in the state of Oklahoma.
Commerce Bancshares, Inc. Announces Acquisition of Summit Bank of Tulsa, Oklahoma
Business Wire - Wed May 15, 5:35PM CDT
Summit Bancshares, Inc., of Tulsa and Oklahoma City, Oklahoma and Missouri-based Commerce Bancshares, Inc. (NASDAQ:CBSH) today jointly announce the execution of a merger agreement pursuant to which Summit Bancshares, Inc. will merge into a wholly owned subsidiary of Commerce Bancshares, Inc., in a transaction valued at approximately $40.6 million, consisting entirely of Commerce Bancshares stock. Commerce's acquisition of Summit Bancshares, Inc., parent company of Summit Bank, will add approximately $261 million in assets, $213 million in loans, and $231 million in total deposits. Commerce Bank currently supports business in Oklahoma with an annual average of $384 million in loans; after the merger with Summit Bank is complete, Commerce will serve the state with approximately $600 million in loans.
Commerce Bancshares, Inc. Announces Completion of Its Merger with Summit Bancshares Inc.
Business Wire - Fri Aug 30, 3:42PM CDT
Commerce Bancshares, Inc. (NASDAQ:CBSH) announced today that the shareholders of Summit Bancshares Inc., parent company of Summit Bank, have approved the merger of Summit Bancshares Inc. (Summit) into a wholly owned subsidiary of Commerce Bancshares, Inc., effective September 1. Summit has total loans of $206 million and total deposits of $230 million and the transaction will be valued at approximately $44 million in Commerce Bancshares stock. With the merger of Summit Bank into Commerce Bank, combined, Commerce Bank will have approximately $454 million in loans, $363 million in total deposits, and more than 1,300 business banking relationships in the state of Oklahoma.
Commerce Bancshares, Inc. Announces Acquisition of Summit Bank of Tulsa, Oklahoma
Business Wire - Wed May 15, 5:35PM CDT
Summit Bancshares, Inc., of Tulsa and Oklahoma City, Oklahoma and Missouri-based Commerce Bancshares, Inc. (NASDAQ:CBSH) today jointly announce the execution of a merger agreement pursuant to which Summit Bancshares, Inc. will merge into a wholly owned subsidiary of Commerce Bancshares, Inc., in a transaction valued at approximately $40.6 million, consisting entirely of Commerce Bancshares stock. Commerce's acquisition of Summit Bancshares, Inc., parent company of Summit Bank, will add approximately $261 million in assets, $213 million in loans, and $231 million in total deposits. Commerce Bank currently supports business in Oklahoma with an annual average of $384 million in loans; after the merger with Summit Bank is complete, Commerce will serve the state with approximately $600 million in loans.
(0)
(0)Summit Bancshares Inc (SMAL) Stock Research Links
Scroll down for more posts ▼