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Article: Premier Financial Bancorp Announces Consummation of Abigail Adams Merger.
- Article from:
- Mergers & Acquisitions Week
- Article date:
- October 14, 2009
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2009 PREMIER FINANCIAL BANCORP, INC. (PREMIER), (NASDAQ:PFBI), a $734 million community bank holding company with six bank subsidiaries announced that the merger of Abigail Adams National Bancorp, (Adams), a $382 million bank holding company headquartered in Washington, DC (NASDAQ:AANB) was consummated effective 12:01 am on October 1, 2009.
Under the terms of the merger agreement Premier will issue 0.4461 shares of its common stock for each share of Adams common stock in a 100% stock exchange. Adams is parent company to two subsidiary banks, The Adams National Bank, headquartered in Washington, DC and Consolidated Bank and Trust Company, headquartered in Richmond, ...
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... ... 22 /PRNewswire/ -- PREMIER FINANCIAL BANCORP, INC., GEORGETOWN ... 19% of total assets. PREMIER FINANCIAL BANCORP, INC. Financial Highlights ... SHARE 8.74 8.35 SOURCE Premier Financial Bancorp, Inc. -0- 12/22 ...
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