Latest Mission Oaks Bancorp (MOKB) Headlines
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AltaPacific Bancorp signs definitive merger agreement with Mission Oaks Bancorp for about USD3.5m
M2 - Mon Feb 03, 5:53AM CST
AltaPacific Bancorp (OTCBB:ABNK), the parent company of AltaPacific Bank, revealed on Friday that it signed a definitive agreement to acquire Mission Oaks Bancorp (OTCBB:MOKB), the parent company of Mission Oaks National Bank, for USD0.30 per share in an all-cash transaction valued at about USD3.5m.
AltaPacific Bancorp and Mission Oaks Bancorp Sign Definitive Agreement to Merge
Business Wire - Fri Jan 31, 3:05PM CST
AltaPacific Bancorp (OTCBB: ABNK), the parent company of AltaPacific Bank, and Mission Oaks Bancorp (OTCBB: MOKB), the parent company of Mission Oaks National Bank, announced the signing of a definitive agreement to merge. Under the terms of the agreement AltaPacific Bancorp will acquire Mission Oaks Bancorp for $0.30 per share in an all-cash transaction valued at approximately $3.5 million. The operations of Mission Oaks National Bank will be combined into AltaPacific Bank. Completion of the merger is subject to regulatory and Mission Oaks Bancorp's shareholders' approval as well as other customary closing conditions, and the amount of cash consideration per share is subject to potential adjustment.