Feb 8 (Reuters) - FB Financial Corp :
* FB Financial Corporation to acquire Clayton Bank and American City Bank, the wholly-owned bank subsidiaries of Clayton Hc Inc.
* FB Financial Corp - transaction valued at approximately $284.2 million
* FB Financial Corp - EPS accretion expected in 2017 and 2018 from deal
* FB Financial Corp - transaction is expected to be immediately accretive to FB Financial Corporation's earnings per share, exclusive of transaction costs and expenses.
* FB Financial Corp - during first full year of combined operations, FB financial estimates low-teens percentage earnings per share accretion
* FB Financial - transaction structured as stock purchase where Firstbank will acquire all shares of Clayton Bank and American City Bank from Clayton HC
* FB Financial Corp - estimates approximately 6.0pct tangible book value dilution at closing of deal, which is expected to be earned back in about 1.5 years Source text for Eikon: Further company coverage: