UFBC

AcronymDefinition
UFBCUnited Financial Banking Companies, Inc. (stock symbol)
UFBCUnsaturated Folate Binding Capacity
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References in periodicals archive ?
The merger of UFBC into Cardinal is effective January 16, 2014.
Under the terms of the merger agreement, UFBC shareholders will receive USD19.13 in cash and 1.154 shares of Cardinal common stock in exchange for each share of UFBC common stock they owned immediately prior to the merger.
The acquisition is expected to close in the first quarter of 2014 and is subject to UFBC shareholder approval, regulatory approval and other conditions set forth in the merger agreement.
Pursuant to the terms of the merger agreement, which has been unanimously approved by the boards of directors of both companies, UFBC common shareholders will receive 1.154 shares of Cardinal common stock plus USD 19.13 in cash for each share of UFBC common stock, for an aggregate transaction value of approximately USD 51.7m, excluding stock options and warrants.
Subject to the receipt of requisite approvals, UFBC will redeem all of its Small Business Lending Fund preferred stock held by the US Treasury prior to closing.
The deal involved the exchange of 1.154 Cardinal shares plus USD19.13 in cash for each UFBC share held.
US financial holding company, Cardinal Financial Corporation (NASDAQ:CFNL), has said that it has received all requisite regulatory approvals for the acquisition of domestic rival, United Financial Banking Companies Inc (OTCMKTS: UFBC), the owner of The Business Bank (TBB).
The transaction was approved by UFBC shareholders last month.
Under the terms of the agreement, UFBC shareholders will get 1.154 Cardinal shares plus USD19.13 in cash for each share held.
The transaction, which is subject to UFBC shareholder approval, regulatory clearance and other conditions, is seen closing in the first quarter of 2014.
Subject to UFBC shareholder approval, regulatory approval and other conditions under the merger agreement, the acquisition will close in the first quarter of 2014 and is pursuant to the terms of the agreement, unanimously approved by the boards of directors of both companies.
Also, UFBC common shareholders will receive 1.154 shares of Cardinal common stock plus USD19.13 in cash for each share of UFBC common stock, for a transaction value of about USD51.7m without stock options and warrants.