West Virginian investor Marshall T. Reynolds has a deal to acquire Summit Savings, Rohnert Park, Calif., for $17.4 million.

Mr. Reynolds offered $10.35 a share-or about 1.44 times book value-for Summit, one of only two thrifts remaining in Sonoma County.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.