Core Viewpoint - Cashmere Valley Bank has announced preliminary results of its cash tender offer for common stock, indicating a significant acquisition of shares at a premium price [1][2]. Summary by Sections Tender Offer Details - The Bank expects to acquire approximately 200,000 shares at a price of $75.00 per share, totaling around $15,000,000, which represents about 5.12% of its outstanding common stock [2]. - The purchase price reflects an 11.1% premium over the market price as of December 4, 2025 [2]. - The tender offer was oversubscribed, with 60.3758% of the tendered shares accepted based on preliminary counts [3]. Company Background - Cashmere Valley Bank was established on September 24, 1932, and operates 11 retail offices across Chelan, Douglas, Kittitas, and Yakima Counties, along with a municipal lending office in King County [5]. - The Bank offers a range of services including business and personal banking, commercial lending, insurance services, investment services, mortgage services, equipment lease financing, and municipal lending [5].
Cashmere Valley Bank Announces Preliminary Results of Tender Offer
Accessnewswire·2026-01-14 00:00