TriCo Bancshares (TCBK) in Chico, Calif., has agreed to buy North Valley Bancorp (NOVB) in Redding, Calif.

The $2.6 billion-asset TriCo will pay about $178 million in stock for the $912 million-asset North Valley, or $26.09 a share. The company would have 80 branches, $3.1 billion in deposits and $2.2 billion in loans.

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