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 |
|