City Holding Company Acquires Citizens Commerce Bancshares
March 10, 2023
City Holding Company (Nasdaq: CHCO) completed its acquisition of Citizens Commerce Bancshares, Inc., the parent of Citizens Commerce Bank of Versailles, Kentucky, effective March 10, 2023. The all-stock transaction was valued at approximately $62.1 million (exchange ratio: 0.1666 shares of City per share of Citizens) and merges Citizens Commerce Bank into City National Bank of West Virginia to strengthen City's presence in the Lexington, Kentucky MSA.
- Buyers
- City Holding Company
- Targets
- Citizens Commerce Bancshares, Inc.
- Industry
- Financial Services
- Location
- Kentucky, United States
- Transaction Type
- Buyout
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