Your Community Bankshares Closes Merger of Subsidiary Banks.
M2 EQUITYBITES-August 31, 2015-Your Community Bankshares Closes Merger of Subsidiary Banks
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31 August 2015 - US-based bank holding company Your Community Bankshares, Inc. (NASDAQ: YCB) has completed the merger and system conversions of its two banking subsidiaries, The Scott County State Bank and Your Community Bank, with Your Community Bank as the surviving entity, the company said..
The boards of directors of Your Community Bank and The Scott County State Bank approved the merger on June 16, 2015 and June 18, 2015, respectively, and all regulatory approvals were completed in August 2015.
Your Community Bankshares operates more than 30 financial centers in Clark, Floyd and Scott counties in Indiana, and Bullitt, Fayette, Hardin, Hart, Jefferson, Meade, and Nelson counties in Kentucky, and has total assets of USD1.6 bn.
The company is headquartered in New Albany, Indiana. It includes one wholly owned, state-chartered subsidiary bank, Your Community Bank.
Your Community Bankshares operates more than 30 financial centers in Indiana and Kentucky.
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|Publication:||M2 EquityBites (EQB)|
|Date:||Aug 31, 2015|
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