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Mergers & Acquisitions
M&A History<< Return to Mergers & Acquisitions
Deal Overview
Buyer: UMB Financial Corporation
Actual Acquirer: UMB Financial Corporation
Target: First Sooner Bancshares, Inc.
Deal Type: Bank & Thrift Company
Agreement Date8/2/1995
Announcement Date8/2/1995
Announced Deal Value ($M)16.40
Completion Date12/31/1995
Announced Deal Value Per Share ($)NA
Consideration Breakout
Cash ($M)16.4
Deal Pricing Ratios
Price / Book (%)204.1203.6
Price / Tangible Book (%)208.0208.3
Price / Earnings (x)12.617.9
Price / Deposits (%)14.7014.91
Price / Assets (%)12.6912.72
Tangible Book Premium/ Deposits (%)9.209.38
Deal Terms
Description of Consideration
First Sooner received $16,383,800 in cash, subject to adjustment, for all outstanding shares. Seller's financials are for Oklahoma Bank.
Accounting MethodPurchase
In-State Transaction?No
Merger of Equals?No
Geographic Expansion?Market Expansion
Goodwill Generated ($000)5,057
Estimated Cost Savings (%)NA
Estimated Cost Savings ($000)NA
Est. Restructuring Charges ($000)NA
Maximum Termination Fee ($000)0
Minimum Termination Fee ($000)NA
Exchange Ratio (Common For Common)NA
Exchange Ratio (Common For Preferred)NA
Exchange Ratio (Preferred For Common)NA
Exchange Ratio (Preferred For Preferred)NA
Lockup AgreementNo
Strike Price ($)NA
% of Shares OutstandingNA
Shares Under OptionNA
Core Deposit Intangibles ($000)NA
Deal Advisers - Financial Advisers
Party AdvisedAdviser Hired?Firm Name
SellerYesProBank Austin

Deal Advisers - Legal Counsel
Party AdvisedAdviser Hired?Firm Name
BuyerYesWatson Ess Marshall & Enggas
SellerYesMcAfee & Taft

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