logo
Share SHARE
FONT-SIZE Plus   Neg

Sandy Spring Gets Final Regulatory Approval For CommerceFirst Acquisition

Sandy Spring Bancorp, Inc. (SASR: Quote) said Wednesday that it has received final regulatory approvals for its acquisition of CommerceFirst Bancorp, Inc (CMFB: Quote), 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
Mitel Networks Corp. (MITL, MNW.TO) and Mavenir Systems (MVNR) announced a merger agreement in which Mitel will acquire all of the outstanding shares of Mavenir common stock in a cash and stock deal valued at approximately $560 million. Get ahead of the market. For in-depth analysis not... ISIS has renewed its death threat to employees of micro-blogging site Twitter, Inc., particularly its co-founder Jack Dorsey. The threats are in retaliation for Twitter blocking accounts which are affiliated to or support the Islamic State. Twitter has a policy of barring users from posting threats or using the service for furthering of illegal activities. Solar module make JinkoSolar Holding Co., Ltd. (JKS) reported a profit for the fourth quarter that rose from last year, driven by a nearly 36 percent rise in revenues. Get ahead of the market. For in-depth analysis not available anywhere else, check out our
Follow RTT