- American City Business Journals•23 hours ago
The parent company of Community Bank N.A. plans to head east by acquiring the largest independent bank in Vermont for an estimated $304 million. Community Bank System Inc. (CBU) is on track to acquire Merchants Bancshares Inc. (MBVT) in a cash-and-stock deal that includes $1.9 billion in assets and 32 retail branches. If bank regulators approve the deal, Community Bank’s retail network will cross into Vermont for the first time in its 150-year history.
- The Wall Street Journal•yesterday
Community Bank System Inc. agreed to acquire Merchants Bancshares Inc. in a deal the lenders value at roughly $304 million, which would combine two Northeast regional banks.
- Business Wire•yesterday
Community Bank System, Inc. and Merchants Bancshares, Inc. today announced that they have entered into a definitive agreement under which Community Bank System will acquire Merchants Bancshares, parent company of Merchants Bank in a cash and stock transaction for total consideration valued at approximately $304 million.
Community Bank System Inc. (CBU)
NYSE - NYSE Real Time Price. Currency in USD
|Bid||46.95 x 100|
|Ask||47.04 x 100|
|Day's Range||46.79 - 47.50|
|52wk Range||34.27 - 48.85|
|1y Target Est||N/A|
Trade prices are not sourced from all markets
|P/E Ratio (ttm)||21.35|
|Avg Vol (3m)||132,618|
|Dividend & Yield||1.28 (2.69%)|