Takeover #12 for 2017

average annual return on this one is 18.27%. Below our average but still 80% more than market averages!

No decison on hold or sell just yet.Need to read the docs

HATTIESBURG, Miss. & TALLAHASSEE, Fla.--()--The First Bancshares, Inc. (NASDAQ: FBMS) (“First Bancshares” or “the Company”), holding company for The First, A National Banking Association (“The First”), announced today the signing of an Agreement and Plan of Merger with Sunshine Financial, Inc. (“Sunshine”), parent company of Sunshine Community Bank, under which First Bancshares has agreed to acquire 100% of the common stock of Sunshine in a combined stock and cash transaction.

“Management’s Discussion and Analysis of Financial Condition and Results of Operations”
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Under the terms of the Agreement and Plan of Merger, each Sunshine shareholder will have the option to receive either $27.00 in cash or 0.93 of a share of First Bancshares’ common stock in exchange for each share of Sunshine common stock, subject to customary pro-ration and reallocation procedures, so that 75% of Sunshine shares will receive the stock consideration and 25% will receive the cash consideration. The aggregate consideration is valued at approximately $32.1 million, based on 1,027,599 Sunshine common shares outstanding, 80,000 Sunshine in-the money options and FBMS’ stock price of $33.35 per share as of December 6, 2017.

At September 30, 2017, Sunshine had approximately $194 million in assets, $161 million in loans, $142 million in deposits and $22.2 million in stockholder’s equity. Sunshine Community Bank serves Leon County, Florida, through 5 locations operating in Tallahassee. The transaction will expand The First’s footprint in the Florida panhandle, including its entry into the Tallahassee market.

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Another Focus Bank Takeover for a Big Gain

works out to a 30%+ Annualized return since November 2015


MOULTRIE, Ga. and JACKSONVILLE, Fla., Nov. 17, 2017 /PRNewswire/ -- Ameris Bancorp (ABCB) ("Ameris"), the parent company of Ameris Bank, announced today the signing of a definitive merger agreement under which ...

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Another Huge 100%+ Winner

Original Purchase at $4.10 in April of 2015. Deal Price works out to about $9.45 at current prices


MOULTRIE, Ga. and JACKSONVILLE, Fla., Nov. 17, 2017 /PRNewswire/ -- Ameris Bancorp (ABCB) ("Ameris"), the parent company of Ameris Bank, announced ...

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Great Expectations, World Dominance and Great Sadness

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Another Bonus Bank 100%+ Gain

BANGOR, Maine and COLEBROOK, N.H., Oct. 24, 2017 /PRNewswire/ -- Bangor Bancorp, MHC, parent company of Bangor Savings Bank and Colebrook, New Hampshire-based First Colebrook Bancorp, Inc. (FCNH), parent company of Granite Bank, today jointly announced plans for Granite ...

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High Costs, Low Performers and Fall Baseball

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High Costs, Low Performers and Fall Baseball

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