NBC Capital (MS) to acquire SunCoast Bancorp (FL)
March 16, 2006
NBC Capital Corporation, Starkville, Mississippi, has agreed to acquire SunCoast Bancorp, Inc., Sarasota, Florida. Under the terms of the agreement, SunCoast shareholders would receive approximately $35 million, 45% in cash and 55% in NBC Capital shares. The parties anticipate closing the transaction in the fourth quarter of 2006. The Carson Medlin Company is serving as financial advisor to SunCoast Bancorp in this transaction.
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