NCNB, C&S/SOVRAN SHAREHOLDERS APPROVE MERGER
NCNB, C&S/SOVRAN SHAREHOLDERS APPROVE MERGER ATLANTA/CHARLOTTE, N.C., Nov. 1 /PRNewswire/ -- NCNB Corporation
(NYSE: NCB) and C&S/Sovran Corporation (NYSE: CVN) announced that, at special meetings held earlier today in Charlotte and Atlanta, shareholders of each company overwhelmingly voted to approve the merger of the two bank holding companies into a new company, NationsBank.
The merger agreement calls for C&S/Sovran shareholders to receive .84 shares of NCNB common stock in exchange for each share of C&S/Sovran common stock. The pending merger is subject to approval by various bank regulatory authorities. The merger is expected to close by year end. -0- 11/1/91 /CONTACT: Ellison Clary, NCNB Corporation, 704-386-8633, or Scott Scredon, C&S/Sovran Corporation, 404-581-5555/ (NCB CVN) CO: NCNB Corporation; C&S/Sovran Corporation ST: North Carolina, Georgia IN: FIN SU: TNM CM -- CH014 -- 0179 11/01/91 11:27 EST
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|Date:||Nov 1, 1991|
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