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Crescent Finanical Will Acquire ECB Bancorp for $17.75 per Share

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Crescent Financial Bancshares (NASDAQ: CRFN) and ECB Bancorp, Inc. (NYSE: ECBE) jointly announced today the signing of a definitive merger agreement under which Crescent Financial will acquire ECB Bancorp, Inc. for $17.75 per share or approximately $51.6 million.Crescent Financial Bancshares, Inc. (Nasdaq: CRFN) and ECB Bancorp, Inc. (NYSE Amex:ECBE) jointly announced today the signing of a definitive merger agreement under which Crescent Financial will acquire ECB Bancorp, Inc. for $17.75 per share or approximately $51.6 million.

Posted-In: M&A News

 

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