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BRIEF-Meridian Bancorp, Meetinghouse Bancorp announce merger agreement
June 26, 2017 / 1:11 PM / 3 months ago

BRIEF-Meridian Bancorp, Meetinghouse Bancorp announce merger agreement

June 26 (Reuters) - Meridian Bancorp Inc:

* Meridian Bancorp Inc and Meetinghouse Bancorp Inc announce merger agreement

* Meridian Bancorp Inc - Meetinghouse shareholders will receive $26.00 in cash for each of their outstanding shares of meetinghouse common stock

* Meridian Bancorp Inc - deal for total transaction value of approximately $17.8 million

* Meridian Bancorp Inc - anticipates that acquisition will be approximately 2% to 3% accretive to Meridian’s earnings per share

* Meridian Bancorp Inc - expects slight dilution to tangible book value from transaction

* Meridian Bancorp Inc - Meridian estimates that transaction will generate an internal rate of return of approximately 20% Source text for Eikon: Further company coverage:

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