Dime Commercial Bancshares in Hauppauge, New York, has agreed to buy ES Bancshares in Staten Island, New York. The $15 billion-asset Dime said in a press release that it will pay $58 million in cash and stock for the parent of the $596 million-asset Empire State Bank. The deal, which is expected to close in the first quarter, priced ES Bancshares at 109% of its tangible book value.
Texas Banc Financial in Fort Worth has agreed to buy Haskell Bancshares in Haskell, Texas. The $2.5 billion-asset parent of TexasBank said in a press release that it expects to buy the holding company of the $72.6 million-asset Haskell National Bank by early next year. The price wasn’t disclosed.
M&A News is reported by Paul Davis and reprinted with permission as an adaptation of the material from TheBankSlate.com.









