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Skyline Bankshares (SLBK) has issued an announcement.
Skyline Bankshares, Inc. has successfully completed its merger with Johnson County Bank, resulting in a significant consolidation within the banking industry. As part of the merger terms, each share of JCB common stock was converted into $312.50 cash. Furthermore, Chris D. Reece, the former CEO of JCB, has been appointed to Skyline’s Board of Directors and will provide advisory services for the integration process. In light of these changes, Skyline also amended its bylaws to accommodate an expanded board of 14 directors, showing a strategic move to strengthen its governance structure post-merger.
Find detailed analytics on SLBK stock on TipRanks’ Stock Analysis page.
