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SACRAMENTO DEPOSIT BANK AND BANK OF CANEYVILLE ANNOUNCE PLANS TO MERGE
Sacramento Bancorp, the holding company of Sacramento Deposit Bank (Sacramento, Kentucky), founded in 1895, announced that it has reached an agreement to purchase all of the outstanding stock of Caneyville Bancshares, Inc., the holding company of Bank of Caneyville (Caneyville, Kentucky) founded in 1897. In connection with the purchase by Sacramento Bancorp of the outstanding shares of Caneyville Bancshares, Inc., Bank of Caneyville will be merged into Sacramento Deposit Bank. The transaction is contingent upon customary conditions, including federal and state regulatory approval.
FOR MORE INFORMATION, CONTACT:
Michael W. Hunt
President and Chief Executive Officer
Sacramento Deposit Bank
Phone: (270) 736-2212