UMB Financial in Kansas City, Missouri, has agreed to buy El Dorado Savings Bank in Placerville, California. The $70.8 billion-asset UMB said in a press release that it will pay $506 million in cash and stock for the $2.4 billion-asset El Dorado. The deal is expected to close in the first quarter.
Renasant in Tupelo, Mississippi, has agreed to buy Commercial Holding in Paris, Tennessee. The $27.5 billion-asset Renasant said in a press release that it will pay $106.3 million in stock for the parent of the $1.1 billion-asset Commercial Bank & Trust. The seller will also pay a $35.7 million special dividend to its investors prior to closing.
M&A News is reported by Paul Davis and reprinted with permission as an adaptation of the material from TheBankSlate.com.









