In the end, Select common is being valued at $12.55, implied value of buyout at $31.1 million Select has;
Assets of 265.3
Deposits of 213.7
Seems to be typical type ratios for buyouts of small, community banks. Not much upside for HBKS, in my opinion.
Yup, see FCCO....
That looks like a merger of equals, so no takeout premium ... HBKS is going to sell out to a bigger bank and say "here's the keys; we're out of here."