NEWPORT BEACH, Calf. – The Courtney Group, LLC announced the acquisition of FNB Bancorp (NASDAQ: FNBG) by TriCo Bancshares (NASDAQ: TCBK) in a stock transaction valued at approximately $315.3 million in aggregate, or $40.81 per share based on the closing price of TriCo’s common stock of $41.64 per share on December 8, 2017. The transaction extends Tri Counties Bank’s meaningful presence throughout Northern California into the San Francisco peninsula adding key growth markets and opportunities to serve customers in and around the Bay Area.
C. Matthew Allen of The Courtney Group, LLC advised the FNB board of directors on the transaction and provided a fairness opinion. This is the fourth transaction Mr. Allen has completed with FNB since 2001.
For more information please see:
https://www.businesswire.com/news/home/20171211006325/en/TriCo-Bancshares- Enters-San-Francisco-Bay-Area
About The Courtney Group
The Courtney Group provides investment banking and private equity services to middle market companies in consumer, chemical, financial services, healthcare, manufacturing, and technology industries. Our transactions are generally in the range of $20 million to $1 billion. The firm has offices in Newport Beach, California and Phoenix, Arizona. Our telephone number is 949-706- 3600. Please visit our website for more information: www.thecourtneygroup.com
Contact:
The Courtney Group, LLC
Carmela Daniels
Office Manager
949-706- 3600
This email address is being protected from spambots. You need JavaScript enabled to view it.