MARTINSBURG, W.va. - Sunrise Bancorp said it has agreed to be acquired by Mountaineer Bankshares of West Virginia Inc.
Mountaineer, which would grow to more than $700 million in assets with the addition of Sunrise's $60 million, would exchange 2.5 shares for each of Sunrise's 120,000 outstanding shares.
The indicated value is about $8.5 million, based on Mountaineer's recent stock price of $28 a share,