---
schema_version: "secwatch.filing_event.v1"
accession: "0000726854-23-000087"
form_type: "8-K"
ticker: "CHCO"
cik: "0000726854"
company_name: "CITY HOLDING CO"
filed_at: "2023-03-13T23:59:59+00:00"
generated_at: "2026-06-18T05:05:37.529293+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# City Holding completes $62.1M stock acquisition of Citizens Commerce Bancshares

## Summary
- Each Citizens share exchanged for 0.1666 City shares; deal valued at $15.37/share.
- Combined company has $6.2B assets, $5.2B deposits, $3.9B loans as of Dec 31, 2022.
- Deal strengthens City's presence in Lexington, Kentucky MSA; Citizens merged into City National Bank.
- City retained more employees than anticipated; one dozen admin/operational staff filled open positions.

## SEC filing metadata
- accession: 0000726854-23-000087
- form_type: 8-K
- ticker: CHCO
- cik: 0000726854
- company_name: CITY HOLDING CO
- filed_at: 2023-03-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/726854/000072685423000087/0000726854-23-000087-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/726854/000072685423000087/chco-20230310.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000726854-23-000087
- JSON: https://secwatch.observer/filing/0000726854-23-000087.json
- Plain text: https://secwatch.observer/filing/0000726854-23-000087.txt

## Key facts
- M&A Transactions
  CITY HOLDING CO completed an acquisition involving Citizens Commerce Bancshares, Inc. for approximately $62.1 million, or $15.37 per share of Citizens common stock (closed 2023-03-10).
  - Action: acquisition
  - Counterparty: Citizens Commerce Bancshares, Inc.
  - Consideration: approximately $62.1 million, or $15.37 per share of Citizens common stock
  - Closing: 2023-03-10
  source text: The acquisition became effective as of the close of business on March 10, 2023. The acquisition of Citizens was structured as a stock transaction valued at approximately $62.1 million, or $15.37 per share of Citizens common stock, with each share of Citizens common stock being exchanged for 0.1666 shares of City common stock. City and Citizens first announced
  evidence_url: https://www.sec.gov/Archives/edgar/data/726854/000072685423000087/0000726854-23-000087-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.