M&A Team Ends October on High Note - 3 Public Company Deals Announced in the Span of One Week
November, 2022 - Louisville, Kentucky
Dinsmore & Shohl LLP partners Christian Gonzalez and Michael Dailey led the team who represented Peoples Bancorp Inc. (“Peoples”) (NASDAQ: PEBO) in a deal that will merge Kentucky-based Limestone Bancorp, Inc. (“Limestone”) (NASDAQ: LMST) into Peoples. The all-stock transaction is valued at more than $208 million and will acquire over $1.4 billion in assets. The deal is scheduled to close in Q2 of 2023.
In a separate transaction, Gonzalez and Dailey worked with City Holding Company (“City”) (NASDAQ: CHCO) on a merger through which City will acquire Citizens Commerce Bancshares, Inc., (“Citizens”) (OTC: CCVS) located in central Kentucky. The transaction is valued at more than $60 million and will result in a combined company with over $6.2 billion in assets. The deal is scheduled to close in Q1 of 2023.
Finally, the partners were sell-side counsel to Cincinnati-based CBank in an agreement that will merge CBank and its wholly-owned subsidiary, Commercial Industrial Finance, Inc. (“CIF”) with Republic Bank & Trust Company, a wholly-owned subsidiary of Republic Bancorp, Inc. (“Republic”) (NASDAQ: RBCAAA). This all-cash deal is valued at $51 million and is expected to close in Q1 of 2023.
