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Article: Union Planters to pay $114M for a foothold in Missouri.(to acquire Capital Bancorp of Cape Girardeau, Missouri)
- Article from:
- American Banker
- Article date:
- June 21, 1995
- Author:
CopyrightCOPYRIGHT 1995 SourceMedia, Inc. 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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Venturing into Missouri for the first time, Union Planters Corp. said Tuesday that it had reached a definitive agreement to acquire Capital Bancorp. of Cape Girardeau, which has $982 million of assets.
Union Planters, based in Memphis, said it agreed to pay $114 million in stock, or 1.56 times Capital's book value of $20.50 a share.
Capital is the holding company for six community banks, three of which operate in the southeast quadrant of Missouri, in Cape Girardeau, Sikeston, and Perryville, close to the Tennessee border.
"Capital's geography is very complementary to our existing banking locations in northwest Tennessee and northeast Arkansas," said ...
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Article: History of Cape Girardeau flows with the ...
Redlands Daily Facts;
July 19, 2008 ;
700+ words
... ... to the Midwest and Texas. June 21, Cape Girardeau, Mo. This is the city I have been ... the history attached to the city. Cape Girardeau began as a trading post in the 1730s ... established was named in his honor, Cape Girardeau. In 1808 the town was incorporated ...
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