OCC and Fed Clear Path for National Cap Bancorp Merger
Tom Rudovsky · Reported by Dow Jones Newswires
More coverage: Financial
Sentiment
Positive
Importance
8
Price
$84.7
Mkt Cap
$97.574M
52W Low
$43
52W High
$89
52W Position
97% above low
Off High
4.8% below high
Rel. Volume
0.5× avg
Market data snapshot near publication time
NACB sits 97% above its 52-week low of $43.
Summary
National Cap Bancorp and ODNB Financial Corp received OCC approval and a Federal Reserve waiver to complete their merger. This clears the final regulatory hurdles for the deal. The stock is trading near its 52-week high, suggesting the market anticipated approval. The merger should close shortly, creating a larger community bank with expanded market presence.
At the time of this announcement, NACB was trading at $84.70 on OTC in the Finance sector, with a market capitalization of approximately $97.6M. The 52-week trading range was $43.00 to $89.00. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.