Acquisitions Restaurant Franchise Financing Loan Portfolio On September 9, 2016, the Bank acquired a restaurant franchise financing loan portfolio from GE Capital with an unpaid principal balance of $169,760 . Total cash paid for the portfolio was $163,282 , which included a discount to the balance of gross loans receivable of 4.00% , or $6,790 , plus accrued interest receivable. As the acquired assets did not constitute a business, the transaction was accounted for as an asset purchase. These loans are classified as traditional commercial and industrial loans. See Note 4. Portfolio Loans for additional information. NSBC Acquisition On March 31, 2016 , the Bank acquired 100% of the outstanding equity interests of NSBC (the NSBC Acquisition). NSBC is a provider of asset-based lending solutions to middle market commercial clients. NSBCs loans had a fair value of $320,447 on the acquisition date and consisted of 100% floating-rate assets. The Bank paid a premium on the balance of gross loans receivable acquired of 5.90% , or $18,906 . The Bank assumed $4,839 of liabilities, which consisted mainly of cash collateral on loans outstanding. The Bank recognized a customer list intangible asset of $1,500 that is being amortized over its 24 -month estimated life and $25,698 of goodwill. The Bank recorded a $1,500 restructuring charge consisting mainly of retention and severance compensation, IT contract terminations and professional fees. HVB Merger On June 30, 2015 , the Company completed the HVB Merger. Under the terms of the HVB Merger agreement, HVHC shareholders received 1.92 shares of the Companys common stock for each share of HVHC common stock owned, which resulted in the issuance of 38,525,154 shares. Based on the Companys closing stock price of $14.63 per share on June 29, 2015 , the aggregate consideration paid to HVHC shareholders was $566,307 , which, in accordance with the HVB Merger agreement, also included the in-the-money cash value of outstanding HVHC stock options, the fair value of outstanding HV