4//SEC Filing
BANCTENN CORP 4
Accession 0001654954-18-000804
CIK 0001414374other
Filed
Jan 28, 7:00 PM ET
Accepted
Jan 29, 4:50 PM ET
Size
5.0 KB
Accession
0001654954-18-000804
Insider Transaction Report
Form 4
BANCTENN CORP
10% Owner
Transactions
- Disposition to Issuer
Common Stock
2018-01-26−800,125→ 0 total
Footnotes (1)
- [F1]Effective January 26, 2018 Paragon Commercial Corporation (The "Company") merged with and into TB Acquisition, LLC (a wholly owned subsidiary of TowneBank) with TB Acquisition, LLC as the surviving entity, pursuant to an Agreement and Plan of Reorganization, dated as of April 26, 2017, by and among the Company, Paragon Commercial Bank, TB Acquisition, LLC and TowneBank (the "Merger"). In the Merger, each share of the Company's common stock converted into the right to receive 1.7250 shares of TowneBank common stock. The closing price of TowneBank's common stock on January 26, 2018 was $31.20 per share.
Documents
Issuer
Paragon Commercial CORP
CIK 0001414374
Entity typeother
IncorporatedTN
Related Parties
1- filerCIK 0000763538
Filing Metadata
- Form type
- 4
- Filed
- Jan 28, 7:00 PM ET
- Accepted
- Jan 29, 4:50 PM ET
- Size
- 5.0 KB