trending Market Intelligence /marketintelligence/en/news-insights/trending/Jwqzkr3n5tEASYFych2mmQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Ga. bank discloses $4.4M deal value for merger with in-state peer

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

Ga. bank discloses $4.4M deal value for merger with in-state peer

The proposed merger of Cairo, Ga.-based into Bainbridge,Ga.-based First National Bank ofDecatur County involves Citizens shareholders receiving aggregatemerger consideration of $4.4 million, subject to adjustment should Citizens'stockholders' equity, less certain transactional expenses, be less than $4.4million at completion of the all-cash transaction.

If there is no adjustment, Citizens' shareholders willreceive $125.71 per share for each outstanding Citizens common share, accordingto a regulatory filing recently obtained by S&P Global Market Intelligence.

If Citizens' stockholders' equity, less certaintransactional expenses, exceed $4.5 million before completion, the merger agreementallows Citizens to declare and pay a dividend to its shareholders immediatelyprior to closing. The amount of such dividend would be the difference betweenCitizens' stockholders' equity, less certain transactional expenses, and $4.5million.

The current officers and staff employees of each bank willgenerally remain in place, with the combined institution to provide compensationand benefits, including severance benefits, substantially similar to thosecurrently offered by First National Bank, which is a unit of

First National Bank will dividend the cash required to fundthe payment of the merger consideration to Bainbridge Bancshares. It isestimated that this dividend will be no more than $4.7 million, which will bepaid out of the bank's retained earnings and not out of its capital.