TriCo Bancshares completes merger with Valley Republic; issues ~4.1M shares; resumes buyback

TRICO BANCSHARES /

Merger consideration: 0.95 TriCo shares per Valley share; total deal valued at ~$173.7M (excl. options).
Combined company anticipates ~$10.1B total assets after the merger.
TriCo issued ~4.1M shares; former Valley shareholders own ~12% of outstanding shares.
Appoints Anthony L. Leggio, former Valley director, to TriCo and Tri Counties Bank boards.
Resumes stock repurchase plan, authorizing up to 1,936,683 additional shares.

item 2.01 item 5.02 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Anthony Leggio

Director

TCBK · TRICO BANCSHARES /

Effective: 2022-03-25
Filed: March 28, 2022, 7:59 PM ET

Pursuant to the terms of the Merger Agreement, on March 25, 2022, one member of VRB's board of directors, Anthony Leggio, was appointed to the board of directors of each of TriCo and Tri Counties Bank, to serve until the next annual meeting of shareholders of TriCo or Tri Counties Bank, as the case may be, subject to his death, resignation or removal from office.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Anthony Leggio was appointed as Director at TRICO BANCSHARES /.

Action: appointed
Role: Director

Exact text from the filing

Pursuant to the terms of the Merger Agreement, on March 25, 2022, one member of VRB's board of directors, Anthony Leggio, was appointed to the board of directors of each of TriCo and Tri Counties Bank, to serve until the next annual meeting of shareholders of TriCo or Tri Counties Bank, as the case may be, subject to his death, resignation or removal from office.

View on SEC.gov

TRICO BANCSHARES / filing history →

Source: SEC EDGAR

accession 0000356171-22-000023

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