TCBK - Valley Republic Bancorp inks merger deal with TriCo Bancshares valued at $165.6 million

Zhanna Hapanovich/iStock via Getty Images TriCo Bancshares (TCBK) and Valley Republic Bancorp (VLLX) enter an agreement under which Valley will merge with and into TriCo in a stock transaction valued at ~$165.6 million (about $38.15/share based on TriCo's price). Post deal, Tri Counties Bank will be the largest community bank in Bakersfield and Kern County by deposits. It will have more than $9 billion in assets, $8 billion in deposits, and nearly $6 billion in loans, serving business and consumer customers with locations throughout California. As per the terms, Valley shareholders will receive 0.95 of a share of TriCo's common stock in exchange for each share of Valley's common stock, subject to certain potential adjustments. The aggregate merger consideration of $165.6 million includes $164.7 million in TriCo stock issued to Valley shareholders and $0.9 million to be paid in cash to Valley option holders. The value of the merger consideration will

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Valley Republic Bancorp inks merger deal with TriCo Bancshares valued at $165.6 million