Homestead Bancorp

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First Guaranty to Acquire Homestead Bancorp

Jan 05, 2007By

First Guaranty Bank announced today that it will acquire Homestead Bancorp for approximately $13 million in cash. Under the terms of the agreement, First Guaranty Bancshares will acquire all of the issued and outstanding shares of common stock of Homestead Bancorp for the cash purchase price of $17.60 per share. Outstanding and unexercised stock options will be redeemed for cash at $17.60 per share, the companies said.

3d rendering of a row of luxury townhouses along a street

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