Banks bet that merger will bolster stock price

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By Henry Dubroff / Friday, July 17th, 2015 / Comments Off on Banks bet that merger will bolster stock price

The proposed merger of American Riviera Bank and The Bank of Santa Barbara will continue a well-established regional trend: thinning out the field of smaller banks in favor of larger institutions. In a deal announced July 15, American Riviera will issue more than 1.5 million shares of new stock valued at about $15.4 million to…

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