Banking & Savings M&A » By The Online Investor Staff, updated Fri., Apr. 26, 5:32 PM
Recent mergers and acquisitions in the Banking & Savings M&A category.
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Slide #85. First Community Corporation — Savannah River Financial Corporation
Acquirer:
First Community Corporation (NASDAQ:FCCO)
Acquiree:
Savannah River Financial Corporation
Details:
First Community Corporation ("First Community") (Nasdaq: FCCO), the holding company of First Community Bank, and Savannah River Financial Corporation ("Savannah River"), the holding company of Savannah River Banking Company, jointly announced today that the previously announced merger under which First Community will acquire Savannah River has received the necessary approvals from the shareholders of both companies. A special meeting of First Community's shareholders was held on January 29, 2014, to approve the issuance of shares of common stock of First Community as merger consideration. A special meeting of Savannah River's shareholders was also held on January 29, 2014, to approve the merger agreement. First Community and Savannah River intend to complete the merger effective as of February 1, 2014.
First Community is a bank holding company. Through its subsidiaries, Co. provides conventional banking products and services for personnel and small-to medium-sized businesses, including consumer and commercial, mortgage, brokerage and investment, and insurance services. Co. also provides online banking to its customers. Co. provides deposit services, including checking accounts, NOW accounts, savings accounts and other time deposits of various types, ranging from daily money market accounts to longer-term certificates of deposit. In addition, Co. provides certain retirement account services, such as individual retirement accounts. Co. also provides a range of commercial and personal loans.
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Avg. Broker Rec.
 
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Hold (2.33 out of 4) 0th percentile
(ranked lower than approx. 100% of all stocks covered)
Analysts' Target Price: FCCO Stock Forecast Based on Zacks ABR data; powered by Xignite |
