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Mergers & Acquisitions
M&A History<< Return to Mergers & Acquisitions
Deal Overview
Buyer: Capital City Bank Group, Inc.
Actual Acquirer: Capital City Bank Group, Inc.
Target: First Alachua Banking Corporation
Deal Type: Bank & Thrift Company
Agreement Date2/3/2005
Announcement Date2/3/2005
Announced Deal Value ($M)58.15
StatusCompleted
Completion Date5/20/2005
Announced Deal Value Per Share ($)5,709.03
Consideration Breakout
Cash ($M)29.0
Common Stock ($M)28.5
Common Stock Issued906,000
Deal Pricing Ratios
 AnnouncementCompletion
Price / Book (%)235.8226.5
Price / Tangible Book (%)247.1236.7
Price / Earnings (x)23.722.3
Price / Deposits (%)28.5928.00
Price / Assets (%)25.3724.81
Tangible Book Premium/ Deposits (%)20.1819.36
Deal Terms
Description of Consideration
Capital City paid $2,847.04 in cash and issued 71.176 shares for each outstanding share of First Alachua.
Accounting MethodPurchase
In-State Transaction?Yes
Merger of Equals?No
Geographic Expansion?Market Expansion
Goodwill Generated ($000)30,500
Estimated Cost Savings (%)NA
Estimated Cost Savings ($000)NA
Est. Restructuring Charges ($000)NA
Maximum Termination Fee ($000)2,320
Minimum Termination Fee ($000)0
Exchange Ratio (Common For Common)71.18
Exchange Ratio (Common For Preferred)NA
Exchange Ratio (Preferred For Common)NA
Exchange Ratio (Preferred For Preferred)NA
Lockup AgreementNo
Strike Price ($)NA
% of Shares OutstandingNA
Shares Under OptionNA
Core Deposit Intangibles ($000)5,100
Additional Deal Information
Post-Completion
Year
Deal
Accretive?
Earnings
Accretion(%)
Earnings
Accretion($)
Est. Cost
Savings(%)
Est. Cost
Savings($000)
1DilutiveNA(0.02)NANA
2AccretiveNA0.01NANA
Deal Advisers - Financial Advisers
Party AdvisedAdviser Hired?Firm Name
BuyerYesMcConnell Budd & Romano Inc.
SellerYesSunTrust Robinson Humphrey

Deal Advisers - Legal Counsel
Party AdvisedAdviser Hired?Firm Name
BuyerYesGunster Yoakley & Stewart PA
SellerYesSmith Gambrell & Russell

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