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Mergers & Acquisitions
M&A History<< Return to Mergers & Acquisitions
Deal Overview
Buyer: City Holding Company
Actual Acquirer: City Holding Company
Target: Buffalo Bank
Deal Type: Bank & Thrift Company
Agreement Date9/15/1992
Announcement Date9/15/1992
Announced Deal Value ($M)2.20
Completion Date12/31/1992
Announced Deal Value Per Share ($)NA
Consideration Breakout
Cash ($M)2.2
Deal Pricing Ratios
Price / Book (%)100.6126.3
Price / Tangible Book (%)106.4134.7
Price / Earnings (x)NMNM
Price / Deposits (%)4.534.55
Price / Assets (%)4.294.36
Tangible Book Premium/ Deposits (%)0.281.21
Deal Terms
Description of Consideration
Buffalo Bank shareholders received, in aggregate, $2.2 million.
Accounting MethodPurchase
In-State Transaction?Yes
Merger of Equals?No
Geographic Expansion?NA
Goodwill Generated ($000)NA
Estimated Cost Savings (%)NA
Estimated Cost Savings ($000)NA
Est. Restructuring Charges ($000)NA
Maximum Termination Fee ($000)NA
Minimum Termination Fee ($000)NA
Exchange Ratio (Common For Common)NA
Exchange Ratio (Common For Preferred)NA
Exchange Ratio (Preferred For Common)NA
Exchange Ratio (Preferred For Preferred)NA
Lockup AgreementNA
Strike Price ($)NA
% of Shares OutstandingNA
Shares Under OptionNA
Core Deposit Intangibles ($000)NA
Deal Advisers - Financial Advisers
Party AdvisedAdviser Hired?Firm Name

Deal Advisers - Legal Counsel
Party AdvisedAdviser Hired?Firm Name
BuyerYesHunton & Williams LLP
SellerYesKing Allen Guthrie & McHugh

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