logo
Share SHARE
FONT-SIZE Plus   Neg

Sandy Spring Gets Final Regulatory Approval For CommerceFirst Acquisition

Sandy Spring Bancorp, Inc. (SASR) said Wednesday that it has received final regulatory approvals for its acquisition of CommerceFirst Bancorp, Inc (CMFB), the bank holding company of CommerceFirst Bank.

The transaction is expected to close in the second quarter of 2012, subject to approval of CommerceFirst shareholders and satisfaction of customary closing conditions.

As per the agreement announced on December 20, 2011, Sandy Spring was to acquire all shares of CommerceFirst common stock in a stock and cash deal valued at about $25.4 million at that time.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Bank of Nova Scotia or otherwise known as Scotiabank, Friday reported lower net profit for the third quarter, in the absence of a year-ago gain. Earnings per share, however, came in line with the Street view. Further, the company said it raised its quarterly dividend by 2 cents. Non-traditional discount and variety stores operator Big Lots Inc. (BIG) Friday reported a decline in net profit for the second quarter, while net sales grew 1.2 percent from the prior year. Comparable sales for the quarter increased 2.8 percent. Google has rejected the European Union's charges that it abused its market power and the demanded that it change the way it ranks online comparison shopping services in its search results, setting up a potentially long legal battle with the EU regulator empowered to levy billions of euros in fines
comments powered by Disqus
Follow RTT