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New Deal


Announced

Completed

City Holding Company completed the merger with Citizens Commerce Bancshares for $61m.

Financials

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Transaction Value£53m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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banking

Merger

Banks

finance

United States

financial services

Majority

Acquisition

diversified financial services

Domestic

Friendly

Single Bidder

Public

Completed

Synopsis

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City Holding Company, a financial holding company, completed the merger with Citizens Commerce Bancshares, a bank providing financial and banking services, for $61m. “Partnering with City is the next, best step that we could take for our company, shareholders and customers. This partnership will provide our customers with additional resources while retaining the community banking culture that sets us apart. I am confident that this will be a seamless transition for our employees and customers while providing long-term value for our shareholders. City is a great franchise, and I look forward to the future ahead for our combined company,” Michelle Oxley, Citizens President & Chief Executive Officer.

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