City Holding Completes First Sentinel Bancorp Acquisition

Ticker: CHCO · Form: 8-K · Filed: Nov 7, 2024 · CIK: 726854

City Holding Co 8-K Filing Summary
FieldDetail
CompanyCity Holding Co (CHCO)
Form Type8-K
Filed DateNov 7, 2024
Risk Levelmedium
Pages2
Reading Time3 min
Key Dollar Amounts$2.50
Sentimentbullish

Sentiment: bullish

Topics: acquisition, merger, banking

Related Tickers: CHCO, FSNB

TL;DR

CHCO just bought FSNB, bigger bank now.

AI Summary

City Holding Co. announced on November 7, 2024, that it has completed its previously announced acquisition of First Sentinel Bancorp, Inc. The transaction was approved by shareholders of both companies and is expected to enhance City Holding's market presence and financial strength. The combined entity will operate under the City Holding name.

Why It Matters

This acquisition expands City Holding's geographic reach and strengthens its competitive position in the banking sector.

Risk Assessment

Risk Level: medium — Acquisitions carry inherent integration risks and potential challenges in realizing expected synergies.

Key Players & Entities

  • City Holding Co. (company) — Acquiring company
  • First Sentinel Bancorp, Inc. (company) — Acquired company
  • November 7, 2024 (date) — Closing date of acquisition

FAQ

What is the name of the acquired company?

The acquired company is First Sentinel Bancorp, Inc.

When was the acquisition completed?

The acquisition was completed on November 7, 2024.

Has the acquisition been approved by shareholders?

Yes, the transaction was approved by shareholders of both companies.

What is the expected impact of the acquisition on City Holding?

The acquisition is expected to enhance City Holding's market presence and financial strength.

Will the combined entity operate under a new name?

No, the combined entity will operate under the City Holding name.

Filing Stats: 630 words · 3 min read · ~2 pages · Grade level 11 · Accepted 2024-11-06 17:46:35

Key Financial Figures

  • $2.50 — hange on which registered Common Stock $2.50 Par Value CHCO NASDAQ Global Select Mar

Filing Documents

01 Other Events

Item 8.01 Other Events. On November 7-8, 2024, Charles R. Hageboeck, President & CEO, and Michael T. Quinlan, Jr., Executive Vice President, Retail Banking, of City Holding Company (the "Company") will make presentations regarding the Company's financial performance to investors and others at the Hovde Financial Services Conference in Miami, FL. A copy of the slide presentation to be used by the Company during the conference is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein. Such slide presentation will also be available on the Company's web site at www.bankatcity.com. Information contained on the Company's website expressly is not incorporated by reference into this Current Report on Form 8-K. The information in the preceding paragraph, as well as Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act"), or otherwise subject to the liabilities of that section. It may only be incorporated by reference into another filing under the Exchange Act or Securities Act of 1933 if such subsequent filing specifically references Section 8.01 of this Current Report on Form 8-K. All information in the slide presentation speaks as of the date thereof and the Company does not assume any obligation to update said information in the future. In addition, the Company disclaims any inference regarding the materiality of such information which otherwise may arise as a result of its furnishing such information under Item 8.01 of this report on Form 8-K. Section 9 - Financial Statements and Exhibits

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (c) Exhibits 99.1 Copy of Slide Presentation

Signatures

Signatures Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the Undersigned hereunto duly authorized. Dated: November 7, 2024 City Holding Company By: /s/ David L. Bumgarner David L. Bumgarner Executive Vice President & Chief Financial Officer -2-

View Full Filing

View this 8-K filing on SEC EDGAR

View on ReadTheFiling | About | Contact | Privacy | Terms

Data from SEC EDGAR. Not affiliated with the SEC. Not investment advice. © 2026 OpenDataHQ.