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UMB Financial (NASDAQ:UMBF – Get Free Report) and SouthCrest Financial Group (OTCMKTS:SCSG – Get Free Report) are both finance companies, but which is the better business? We will contrast the two companies based on the strength of their institutional ownership, earnings, analyst recommendations, risk, profitability, dividends and valuation. Earnings & Valuation This table compares UMB […]
SouthCrest Financial Group (OTCMKTS:SCSG – Free Report) and UMB Financial (NASDAQ:UMBF – Free Report) are both finance companies, but which is the better stock? We will contrast the two companies based on the strength of their dividends, earnings, valuation, institutional ownership, risk, analyst recommendations and profitability. Institutional & Insider Ownership 86.5% of UMB Financial shares […]
PacWest Bancorp (NASDAQ:PACW – Get Rating) and SouthCrest Financial Group (OTCMKTS:SCSG – Get Rating) are both finance companies, but which is the superior stock? We will compare the two companies based on the strength of their earnings, valuation, dividends, profitability, analyst recommendations, institutional ownership and risk. Earnings and Valuation This table compares PacWest Bancorp and […]
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Colony Bankcorp and SouthCrest Financial Group to Combine in Transformational Merger
April 22, 2021 GMT
FITZGERALD, Ga & ATLANTA (BUSINESS WIRE) Apr 22, 2021
Colony Bankcorp, Inc. (Nasdaq: CBAN) (“Colony” or “the Company”), the holding company for Colony Bank, and SouthCrest Financial Group, Inc. (PK: SCSG) (“SouthCrest”), the holding company for SouthCrest Bank, N.A., today jointly announced the signing of an Agreement and Plan of Merger under which Colony has agreed to acquire 100% of the common stock of SouthCrest in a combined stock-and-cash transaction valued at approximately $84.0 million. Upon completion of the transaction, Colony is expected to have approximately $2.4 billion in assets, $1.4 billion in loans, $2.0 billion in deposits, and $165.8 million in tangible common equity. The transaction is expected to be meaningfully accretive to Colony’s fully diluted ear