Welcome to our dedicated page for Comunibanc news (Ticker: CBCZ), a resource for investors and traders seeking the latest updates and insights on Comunibanc stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Comunibanc's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
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Civista Bancshares (CIVB) has signed a definitive merger agreement to acquire Comunibanc Corp. (CBCZ) for approximately $50.2 million. The acquisition will add 7 branches and $276 million in deposits, enhancing Civista's presence in Northwest Ohio, a growing market. As of September 30, 2021, the combined entity will have total assets of around $3.3 billion and total deposits of approximately $2.7 billion. The merger is expected to be accretive to Civista's earnings per share in 2023 and will maintain strong capital ratios post-closing.
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