Market Overview

TriCo Bancshares, North Valley Bancorp Announce $178.4M Merger Agreement

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TriCo Bancshares (NASDAQ: TCBK) and North Valley Bancorp
(NASDAQ: NOVB) today jointly announced that the
companies have agreed to combine their two leading northern California
bank franchises in a transaction valued at approximately $178.4 million.

Based on financial information as of September 30, 2013, the combined
company will have approximately $3.5 billion in assets, $3.1 billion in
deposits, $2.2 billion in gross loans and approximately 80 branches
throughout California -- stretching from Bakersfield in the south to
Crescent City in the north.

See full press release

 

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