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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: CNB Financial Corporation
Deal Type: Bank & Thrift Company
Agreement Date9/10/1992
Announcement Date9/10/1992
Announced Deal Value ($M)64.80
Completion Date6/25/1993
Announced Deal Value Per Share ($)58.52
Consideration Breakout
Common Stock ($M)58.0
Common Stock Issued1,526,770
Deal Pricing Ratios
Price / Book (%)162.2145.7
Price / Tangible Book (%)174.3155.6
Price / Earnings (x)14.512.8
Price / Deposits (%)18.7518.31
Price / Assets (%)14.5712.26
Tangible Book Premium/ Deposits (%)8.827.04
Deal Terms
Description of Consideration
CNB shareholders received 1.571 shares of United Missouri common for each share held. United Missouri's 4.9% ownership increased to 9.8% with the acquisition of Overland Park.
Accounting MethodPurchase
In-State Transaction?No
Merger of Equals?No
Geographic Expansion?NA
Goodwill Generated ($000)26,967
Estimated Cost Savings (%)NA
Estimated Cost Savings ($000)NA
Est. Restructuring Charges ($000)NA
Maximum Termination Fee ($000)NA
Minimum Termination Fee ($000)NA
Exchange Ratio (Common For Common)1.571000
Exchange Ratio (Common For Preferred)NA
Exchange Ratio (Preferred For Common)NA
Exchange Ratio (Preferred For Preferred)NA
Lockup AgreementNA
Strike Price ($)NA
% of Shares OutstandingNA
Shares Under OptionNA
Core Deposit Intangibles ($000)NA
Deal Advisers - Financial Advisers
Party AdvisedAdviser Hired?Firm Name
SellerYesABN AMRO Inc.

Deal Advisers - Legal Counsel
Party AdvisedAdviser Hired?Firm Name
BuyerYesWatson Ess Marshall & Enggas
SellerYesArnold & Porter Kaye Scholer

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