TriCo Bancshares is acquiring FNB Bancorp in an all-stock deal valued at approximately $315.3 million, based on the buyer's Dec. 8 closing price of $41.64 per share.
Based on the parties' Sept. 30 financials, the resulting entity will have about $6.1 billion in assets, $5.0 billion in deposits, $3.7 billion in gross loans and 78 branches in California.
More details to follow.
