trending Market Intelligence /marketintelligence/en/news-insights/trending/IiRrooCE0JcBINlrR0Fzvw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Elkcorp discloses $5.3M deal value for Baileyville Bancshares merger

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery


Elkcorp discloses $5.3M deal value for Baileyville Bancshares merger

Clyde,Kan.-based ElkcorpInc., the parent of Elk State Bank, said that the amount to pay in total perapplication pro forma in connection with its proposed acquisition of Seneca, Kan.-based is about$5.3 million, or $25,538 per share for the 208 outstanding common shares.

Accordingto a regulatory filing recently obtained by S&P Global Market Intelligence,the source of funds per pro forma is $2.6 million in raised funds frominvestors, $2.6 million in borrowed funds and the remainder of $100,000 fromElkcorp's subsidiary bank.

No sharesare going to be acquired through exchange.