Northrim Bancorp Signs Definitive Agreement To Acquire PBCO Financial Corporation In All-Stock Deal
NRIM•Northrim Bancorp to acquire PBCO Financial in all-stock deal
July 22 (Reuters) - Northrim BanCorp Inc NRIM.O:
- Northrim Bancorp, Inc. signs definitive agreement to acquire PBCO Financial Corporation
- Northrim Bancorp - to buy PBCO Financial in all-stock deal
- Northrim Bancorp - PBCO shareholders to receive 1.160 Northrim shares per PBCO share
- Northrim Bancorp - deal valued at $167.30 million, or $32.36 per PBCO share
- Northrim Bancorp - upon consummation, PBCO shareholders to own about 21.1% of combined company
