Marblehead Bancorp To Be Combined With SB Financial Group & Marblehead Bank To Merge With And Into State Bank; Transaction Valued In Aggregate At $5M
Portfolio Pulse from Benzinga Newsdesk
Marblehead Bancorp will merge with SB Financial Group, and Marblehead Bank will merge into State Bank. The transaction is valued at $5 million, with Marblehead Bancorp shareholders receiving $196.31 per share in cash.
August 14, 2024 | 9:18 pm
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SB Financial Group is merging with Marblehead Bancorp in a $5 million deal. Marblehead Bancorp shareholders will receive $196.31 per share in cash.
The merger is likely to positively impact SB Financial Group's stock price in the short term due to the strategic acquisition and the relatively low transaction value of $5 million.
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