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Slideshow Mergers & Acquisitions

By The Online Investor Staff, updated Tue., Jun. 18, 6:47 AM

Slide #89. Santa Cruz County Bank Lighthouse Bank

Acquirer: Santa Cruz County Bank (SCZC)
Acquiree: Lighthouse Bank (LGHT)
Details: Santa Cruz County Bank (OTC Pink: SCZC) and Lighthouse Bank (OTC Pink: LGHT) announced today that they have entered into an agreement and plan of reorganization and merger (the "Agreement"), pursuant to which Lighthouse Bank will merge with and into Santa Cruz County Bank in an all-stock transaction valued at approximately $68.87 million or $25.50 per Lighthouse Bank common share as of close of market on May 28, 2019. The merger will increase Santa Cruz County Bank's total assets to nearly $1 billion on a pro forma basis with 7 full service banking offices in Santa Cruz and Santa Clara Counties.

  Santa Cruz County Bank: SCZC
  Lighthouse Bank: LGHT

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June 18, 2019    6:47 AM Eastern
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Strong Buy (4.00 out of 4)
90th percentile
(ranked higher than approx. 90% of all stocks covered)
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