Marking its entry into Georgia, Florida's Capital City Bank Group Inc.
The price is 1.94 times Grady's book value and 15.27 times earnings.
The pooling-of-interest deal calls for Tallahassee-based Capital City to
Grady Holding, with $114 million of assets, is the parent of First
Capital City has $1.3 billion of assets.
Its banking subsidiary, Capital City Bank, has 44 branches in Florida.
The deal, announced last week, is set to close in the second quarter.