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Article: First Community Bancorp Signs Definitive Agreement to Acquire Community Bancorp Inc.
- Article from:
- PR Newswire
- Article date:
- May 16, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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- Acquisition of Community Bancorp to Add Nearly $900 Million in Assets and 12 Branches for First Community in San Diego and Riverside Counties -
- Mike Perdue to Become President and CEO of First National Bank and Robert Borgman to Become Chairman -
RANCHO SANTA FE, Calif., May 16 /PRNewswire-FirstCall/ -- First Community Bancorp today announced the signing of a definitive agreement and plan of merger to acquire Community Bancorp Inc. for approximately $277 million in consideration consisting of First Community common stock and cash for outstanding Community Bancorp stock options. Community Bancorp, which is headquartered in Escondido, California, is ...