State Bank Corp. (OTCQB: SBAZ), the holding company for Mohave State Bank, has announced that it has signed a definitive merger agreement whereby Country Bank will merge into Mohave State Bank in a transaction valued at approximately $29.6 million. The transaction combines two of the leading community bank franchises headquartered in Arizona with approximately $530 million in combined assets.
D.A. Davidson & Co., the largest full-service investment firm headquartered in the Northwest, served as financial advisor to State Bank Corp. in the transaction.
Full details can be found here.