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WB Bancorp discloses $5.5M deal value for MC Bancorp merger

WB Bancorp Inc. disclosed a deal value of roughly $5.5 million for MC Bancorp Inc., according to a regulatory filing recently obtained by S&P Global Market Intelligence.

New Berlin, Ill.-based WB Bancorp is acquiring via a cash purchase all the issued and outstanding capital stock of Modesto, Ill.-based MC Bancorp for $306 per share.

The purchase is subject to dollar for dollar adjustment, either upward or downward, by any amount by which MC Bancorp's shareholder equity changes prior to the date of closing.