(Reuters) - The terms value Partners Trust at $12.50 per share, a 25 percent premium over its Wednesday closing price of $10.01 on the Nasdaq. Half of the purchase price would be paid in stock, and half in cash.
The Utica, New York-based parent of Partners Trust Bank has branches in six upstate counties: Broome, Chenango, Herkimer, Oneida, Onondaga and Tioga. It has $2.26 billion of deposits, $2.28 billion of net loans and $3.65 billion of assets.
Read more at Reuters.com Mergers News
The Utica, New York-based parent of Partners Trust Bank has branches in six upstate counties: Broome, Chenango, Herkimer, Oneida, Onondaga and Tioga. It has $2.26 billion of deposits, $2.28 billion of net loans and $3.65 billion of assets.
Read more at Reuters.com Mergers News
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