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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: Farmers Banshares of Abilene, Inc.
Deal Type: Bank & Thrift Company
Agreement Date9/10/1992
Announcement Date9/10/1992
Announced Deal Value ($M)8.20
Completion Date3/26/1993
Announced Deal Value Per Share ($)912.07
Consideration Breakout
Cash ($M)2.2
Common Stock ($M)6.6
Common Stock Issued168,898
Deal Pricing Ratios
Price / Book (%)135.8137.0
Price / Tangible Book (%)135.8137.0
Price / Earnings (x)11.711.9
Price / Deposits (%)18.0618.45
Price / Assets (%)15.2615.82
Tangible Book Premium/ Deposits (%)4.995.28
Deal Terms
Description of Consideration
Farmers shareholders received, in aggregate, 1.5x 8% of average assets of Farmers National Bank (98.2% owned by Farmers Bancshares) plus capital in excess of 8% of average assets, paid 25% in cash and 75% in stock.
Accounting MethodPurchase
In-State Transaction?No
Merger of Equals?No
Geographic Expansion?NA
Goodwill Generated ($000)2,211
Estimated Cost Savings (%)NA
Estimated Cost Savings ($000)NA
Est. Restructuring Charges ($000)NA
Maximum Termination Fee ($000)NA
Minimum Termination Fee ($000)NA
Exchange Ratio (Common For Common)18.704100
Exchange Ratio (Common For Preferred)NA
Exchange Ratio (Preferred For Common)NA
Exchange Ratio (Preferred For Preferred)NA
Lockup AgreementNA
Strike Price ($)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
BuyerYesWatson Ess Marshall & Enggas
SellerYesHampton & Royce LC

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