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Solera National Bancorp received a $70M cash acquisition offer, but its board calls it inadequate.
Solera National Bancorp has received an all-cash, non-binding acquisition offer from Project Sun Holdings, LLC, backed by institutional investors, to buy 100% of its common stock for $70 million, representing a 70.6% premium to its 30-day average stock price as of September 24, 2025.
The deal is subject to due diligence, regulatory approvals from the OCC, Federal Reserve, FDIC, and potential Hart-Scott-Rodino review, and may require shareholder approval.
A 15% portion of the purchase price would be held in escrow for up to 24 months.
The company’s board has made the offer public, stating it views the proposal as inadequate.
The buyer has agreed to provide proof of funds upon signing a confidentiality agreement.
Final terms are pending negotiation.
Solera National Bancorp recibió una oferta de adquisición en efectivo de $70 millones, pero su junta lo califica como inadecuado.