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Article: Citco Community Bancshares, Inc. and Twin City Bancorp, Inc. Announce Merger Agreement.
- Article from:
- PR Newswire
- Article date:
- July 19, 2000
CopyrightCOPYRIGHT 2000 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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BRISTOL, Tenn., July 19 /PRNewswire/ --
Citco Community Bancshares, Inc. (Citco), Elizabethton, TN, the bank holding company for Citizens Bank Tri-Cities, and Twin City Bancorp, Inc. (Nasdaq: TWIN), Bristol, TN, the holding company for Twin City Federal Savings Bank, have entered into an agreement and plan of merger whereby Citco will acquire the outstanding stock of Twin City Bancorp, Inc. for $17.15 per share in cash subject to adjustment.
"Having had a presence in Bristol for 42 years, joining forces with another well-established regional community bank is the perfect way for us to preserve our heritage and our way of doing business," said Thad R. ...