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First Citrus Bancorporation Wins Shareholder Nod for DFCU Financial Buyout.

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MANews-(C)2009-2022

Shareholders of Florida, US-based bank holding company First Citrus Bancorporation, Inc. (OTC Markets: FCIT), the parent bank holding company for First Citrus Bank, have voted and unanimously approved the company's pending all-cash transaction with Michigan, US-based credit union DFCU Financial, the company said.

Subject to the terms of the agreement, shareholders of FCB will receive USD 47.75 in cash for each share owned.

DFCU will also cash out the outstanding options at FCB at the difference between the strike price and the per share cash consideration to FCB shareholders.

First Citrus Bancorporation is a Florida corporation and the parent bank holding company for First Citrus Bank, a Florida commercial bank.

First Citrus Bancorporation, Inc., is headquartered in Tampa, Florida and was ranked as the sixth best-performing regional bank stock in the Southeastern United States over the past five years by S and P Global Market...

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