- SB Monetary Group (NASDAQ:SBFG) and Marblehead Bancorp on Wednesday introduced an settlement pursuant to which Marblehead might be mixed with SB Monetary and Marblehead Financial institution will merge with and into State Financial institution.
- Beneath the phrases of the merger settlement, shareholders of Marblehead Bancorp will obtain $196.31 in money in change for every share of Marblehead Bancorp frequent inventory for a transaction valued in mixture at about $5 million.
- SBFG +0.84% after hours to $15.48.
- Supply: Press Launch