Surrey Bancorp (NC)

:SRYB   11:41:50 AM EDT
25.25
-0.05 (-0.20%)
Mergers / Acquisitions

First Community To Acquire Surrey And Its Wholly Owned Bank Subsidiary, Surrey Bank & Trust

Published: 11/18/2022 13:21 GMT
(SRYB) - First Community to Acquire Surrey and Its Wholly Owned Bank Subsidiary, Surrey Bank & Trust.
First Community Bankshares - Aggregate Transaction Value of Approximately $113.2 Million.
First Community Bank - Separate Merger Agreement Providing for Merger of Surrey Bank & Trust With and Into First Community Bank.
First Community Bankshares - Expects Transaction to Be Minimally Dilutive to Tangible Book Value per Share (non-GAAP).
First Community Bankshares - Expects Transaction to Provide Mid-single Digit Accretion to Earnings per Share.