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Mergers & Acquisitions
M&A History<< Return to Mergers & Acquisitions
Deal Overview
Buyer: City Holding Company
Actual Acquirer: Blue Ridge Bank
Target: NA
Seller: RTC
Deal Type: Government Assisted
Type of Govt Assisted Transaction: Purchase/ Assumption
Agreement Date10/15/1993
Announcement Date10/15/1993
Date Placed in Conservatorship5/8/1992
Estimated Cost to Reg Agency ($000)5,300
Cost to Reg Agency/ Deposits (%)11.35
Cost to Reg Agency/ Assets (%)11.70
Assets Sold/ Assets (%)54.53
Deal Summary
Deal Terms
Description of Consideration
Assets Sold in Resolution ($000)24,700
Deposits Transferred ($000)NA
Deposits Liquidated ($000)NA
Premium Paid ($000)3,300
Deal Financials
Total Assets at Assumption ($000)45,300
Total Deposits at Assumption ($000)46,700
Core Deposits at Assumption ($000)42,600

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