| Deal Overview |
| Buyer:
Arvest Bank Group, Inc. (Click for buyer financial information)
|
| Target:
TRH Bank Group, Inc. (Click for target financial information) |
| Deal Type:
Bank & Thrift Company |
| Announcement Date |
9/23/98 |
|
Announced Deal Value ($M) |
NA |
| Status |
Completed |
|
Announced Deal Value Per Share ($) |
NA
|
| Completion Date |
1/4/99 |
|
|
|
| |
| Arvest Bank Group acquired the additional 50% ownership of TRH Bank Group from Regions Financial Corp. TRH Bank Group subsidiary, Security National Bank & Trust Company of Norman, ranks first in Cleveland County, OK with 15.46% of the deposit market share.
|
|
Deal Pricing Ratios |
| Price / Book (%) |
NA |
NA |
| Price / Tangible Book (%) |
NA |
NA |
| Price / LTM EPS (x) |
NA |
NA |
| Price / Deposits (%) |
NA |
NA |
| Price / Assets (%) |
NA |
NA |
| Tang Book Premium / Core Deposits (%) |
NA |
NA |
|
|
Deal Terms
|
Description
of Consideration
Arvest acquired the 50% of TRH that it did not already own from Regions Financial Corp. Terms of this cash deal were not disclosed. Seller's financials are for Security Natl B&T Co. of Norman.
|
| Accounting Method |
NA |
|
Lockup Agreement |
No |
| In-State Transaction? |
No |
|
Strike Price ($) |
NA |
| Merger
of Equals? |
No |
|
% of Shares Outstanding |
NA |
| Geographic
Expansion? |
In Market |
|
Shares Under Option |
NA |
| Goodwill Generated ($000) |
NA |
|
Core Deposit Intangibles ($000) |
NA |
| Estimated
Cost Savings (%) |
NA |
|
Est. Restructuring Charges ($000) |
NA |
| Termination Fee ($000) |
NA |
|
| |
|
|
|
|
| Cash ($M) |
|
NA |
| Common Stock ($M) |
|
NA |
| Common Shares Issued |
|
NA |
| Preferred Stock ($M) |
|
NA |
| Preferred Shares Issued |
|
NA |
| Debt ($M) |
|
NA |
| Other ($M) |
|
NA |
|
Deal Advisers
| Financial Advisers |
| Buyer |
Yes |
DD&F Consulting Group |
| |
| Seller |
NA |
NA |
| Legal
Counsel |
| Buyer |
NA |
NA |
| |
| Seller |
NA |
NA |
|
