Bancorp 34 Announces Successful Merger with CBOA Financial
Company Announcements

Bancorp 34 Announces Successful Merger with CBOA Financial

The latest update is out from Bancorp 34, Inc. (BCTF).

Bancorp 34 successfully completed its merger with CBOA Financial, Inc. on March 19, 2024, a move that was overwhelmingly supported by Bancorp 34 stockholders during a special meeting the day before. The merger integrates Commerce Bank of Arizona into Bancorp 34’s subsidiary, Bank 34, with a share exchange rate set at 0.2628 Bancorp 34 shares for each CBOA share. As a result, approximately 2.74 million Bancorp 34 shares, valued at around $24.5 million, were issued, while Bancorp 34’s existing shares remained unaffected.

Learn more about BCTF stock on TipRanks’ Stock Analysis page.

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