Markets

Financial Sector Update for 10/01/2015: JAXB, STAG

Top Financial Shares:

JPM: +0.13%

BAC: +0.06%

WFC: +0.25%

C: +0.06%

USB: flat

Financial shares were higher in pre-market trade Thursday as Chinese manufacturing data beat forecasts.

In financial stocks news, Ameris Bancorp ( ABCB ), the parent company of Ameris Bank, has agreed to acquire Jacksonville Bancorp ( JAXB ), the parent company of The Jacksonville Bank.

The transaction is valued at approximately $96.6 million based on Ameris's closing stock price of $28.47 as of September 29.

And, Stag Industrial ( STAG ), a real estate investment trust focusing on industrial properties, said Thursday that it has secured a $150 million additional capacity on its unsecured revolving credit facility and a new $150 million of unsecured term loan.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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