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Medford, Ore.-based PremierWest Bancorp announced Oct. 22 that it inked an agreement to acquire Elk Grove, Calif.-based Stockmans Financial Group.
Under the terms of the transaction, PremierWest will issue 5,357,426 shares of its common stock and pay $22,769,059 in cash to acquire Stockmans. Using the closing price of $12.14 per share...