M&A News: City Holding to buy Citizens Commerce

City Holding in Charleston, West Virginia, has agreed to buy Citizens Commerce Bancshares in Versailles, Kentucky. The $5.9 billion-asset City said in a news release that it will pay $61 million in stock for the $354 million-asset Citizens. The deal is expected to close in the first quarter.

M&A News is reported by Paul Davis and reprinted with permission as an adaptation of the material from TheBankSlate.com.