LTLBLauryl Tryptose Lactose Broth
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LTLB shareholders will own approximately 60% of the combined bank, and Union shareholders will own approximately 40%.
Under the terms of the agreement, Union will merge with LTLB in a stock transaction valued at approximately USD30.
Brooks, Pierce, McLendon, Humphrey & Leonard LLP provided legal counsel to LTLB, while Banks Street Partners, LLC provided transaction structuring and other services and Monroe Financial Partners, Inc.