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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: M L Bancshares, Incorporated
Deal Type: Bank & Thrift Company
Agreement Date3/18/1992
Announcement Date3/18/1992
Announced Deal Value ($M)13.70
Completion Date5/14/1993
Announced Deal Value Per Share ($)250.57
Consideration Breakout
Cash ($M)6.3
Common Stock ($M)11.3
Common Stock Issued308,578
Deal Pricing Ratios
Price / Book (%)138.9122.1
Price / Tangible Book (%)141.8138.5
Price / Earnings (x)10.420.3
Price / Deposits (%)10.3312.59
Price / Assets (%)8.7210.81
Tangible Book Premium/ Deposits (%)3.363.79
Deal Terms
Description of Consideration
M L shareholders received tangible book value of M L bank subsidiaries less minority interests, plus a 38.4165% premium, less certain adjustments to loans, OREO, and loan loss reserves, paid 75% stock and 25% cash.
Accounting MethodPurchase
In-State Transaction?No
Merger of Equals?No
Geographic Expansion?NA
Goodwill Generated ($000)4,783
Estimated Cost Savings (%)NA
Estimated Cost Savings ($000)NA
Est. Restructuring Charges ($000)NA
Maximum Termination Fee ($000)NA
Minimum Termination Fee ($000)NA
Exchange Ratio (Common For Common)5.650700
Exchange Ratio (Common For Preferred)NA
Exchange Ratio (Preferred For Common)NA
Exchange Ratio (Preferred For Preferred)NA
Lockup AgreementNA
Strike Price ($)NA
% of Shares OutstandingNA
Shares Under OptionNA
Core Deposit Intangibles ($000)NA

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