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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 Financial Bancorp.
Deal Type: Bank & Thrift Company
Agreement Date12/11/1995
Announcement Date12/11/1995
Announced Deal Value ($M)19.90
Completion Date7/1/1996
Announced Deal Value Per Share ($)22.00
Consideration Breakout
Cash ($M)19.9
Deal Pricing Ratios
Price / Book (%)128.7128.9
Price / Tangible Book (%)128.7128.9
Price / Earnings (x)12.915.2
Price / Deposits (%)9.919.48
Price / Assets (%)8.678.28
Tangible Book Premium/ Deposits (%)2.852.52
Deal Terms
Description of Consideration
First Financial shareholders received $22.00 in cash for each share held. Deal value includes the exercise of First Financial's options.
Accounting MethodPurchase
In-State Transaction?Yes
Merger of Equals?No
Geographic Expansion?Partial Overlap
Goodwill Generated ($000)9,230
Estimated Cost Savings (%)NA
Estimated Cost Savings ($000)NA
Est. Restructuring Charges ($000)NA
Maximum Termination Fee ($000)1,000
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
BuyerYesM.A. Schapiro & Co. Inc.
SellerYesSandler O'Neill & Partners LP

Deal Advisers - Legal Counsel
Party AdvisedAdviser Hired?Firm Name
BuyerYesAusley & McMullen
SellerYesElias Matz Tiernan & Herrick

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