Merger of Equals Transaction Involving Two Publicly-Traded Bank Holding Companies

Photo of Merger of Equals Transaction Involving Two Publicly-Traded Bank Holding Companies
May 2024

Bowles Rice successfully completed a merger of equals transaction involving a West Virginia and a Virginia banking company and their subsidiary banks, with an approximate transaction value of $370 million. Bowles Rice attorneys were involved in the negotiation and drafting of the stock purchase agreement and related employee benefit plans, preparation of regulatory applications and communications with federal regulators regarding such applications, drafting the transaction documents, and preparation of the proxy materials, registration statement and other securities filings.