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Article: The urge to merge
- Article from:
- Bank News
- Article date:
- April 1, 2004
- Author:
CopyrightCopyright Bank News, Inc. Apr 2004. Provided by ProQuest LLC. (Hide copyright information)
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Is a new consolidation wave building?
A wave of greater and lesser mergers has swept over the BANKNEWS area in the year's first quarter, the latest being the announced acquisitions of a pair of multi-state, community bank holding companies - Gold Bane Corp. Inc., based in Leawood, Kan., and Community First Bankshares Inc. of Fargo, N.D.
Gold Bane Corp. announced Feb. 25 it has entered into a definitive merger agreement with Silver Acquisition Corp. Silver will acquire all of the outstanding shares of common stock of Gold Bane for $16.60 per share in cash, a 16 percent premium to the closing price of $14.32 on Feb. 24. The merger is expected to be completed in the third quarter. If the ...