Advertisement
YOU ARE HERE: LAT HomeCollectionsScripps Financial Corp
IN THE NEWS

Scripps Financial Corp

FEATURED ARTICLES
BUSINESS
June 28, 2000 | From Bloomberg News
U.S. Bancorp agreed to buy Scripps Financial Corp. of San Diego for $155 million in stock as the 12th-largest U.S. bank expands in California. Scripps Financial, the parent of Scripps Bank, has nine branches in the San Diego area and $650 million in assets. Under the agreement, Minneapolis-based U.S. Bancorp will pay 1.067 of its common shares for each Scripps share. To guard against fluctuations in U.S. Bancorp's stock price, the bank agreed to pay no less than $19.80 and no more than $24.
ARTICLES BY DATE
BUSINESS
June 28, 2000 | From Bloomberg News
U.S. Bancorp agreed to buy Scripps Financial Corp. of San Diego for $155 million in stock as the 12th-largest U.S. bank expands in California. Scripps Financial, the parent of Scripps Bank, has nine branches in the San Diego area and $650 million in assets. Under the agreement, Minneapolis-based U.S. Bancorp will pay 1.067 of its common shares for each Scripps share. To guard against fluctuations in U.S. Bancorp's stock price, the bank agreed to pay no less than $19.80 and no more than $24.
Los Angeles Times Articles
|