Mergers and Acquisitions
Transaction Details
DD&F CONSULTING GROUP 
Deal Overview
Buyer:  Russellville Bancshares, Inc. (Click for buyer financial information)
Target:  First Arkansas Valley Bank (Click for target financial information)
Deal Type:  Bank & Thrift Company
Announcement Date 3/7/01   Announced Deal Value ($M) 17.0
Status Completed   Announced Deal Value Per Share ($) NA
Completion Date 8/27/01      
 
Deal Summary
Russellville Bancshares, a newly formed holding company, will acquire at least 62.7% of the stock of First Arkansas Valley Bank, with the anticipation being 100% of the shares, via exchange for the shares of Russellville . First Arkansas is one of five subsidiaries of Chambers Bancshares and operates seven locations in the Russellville Fed Banking market with a first place 21.52% deposit market share of the $1 billion in deposits present.

Deal Pricing Ratios
  Announcement Completion
Price / Book (%) 145.76 132.52
Price / Tangible Book (%) 150.16 135.93
Price / LTM EPS (x) 9.92 9.57
Price / Deposits (%) 12.14 11.63
Price / Assets (%) 9.94 9.83
Tang Book Premium / Core Deposits (%) 5.60 4.51


Deal Terms

Description of Consideration
Russellville Bancshares, a newly formed holding company, acquired 89,298 or 62.7% of the outstanding shares of First Arkansas Valley Bank from Chambers Bancshares Inc. for $17 million in cash.
Accounting Method NA   Lockup Agreement No
In-State Transaction? Yes   Strike Price ($) NA
Merger of Equals? No   % of Shares Outstanding NA
Geographic Expansion? Market Expansion   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) 0  
         
Consideration Breakout
Cash ($M)   17.0
Common Stock ($M)   0
Common Shares Issued   0
Preferred Stock ($M)   0
Preferred Shares Issued   0
Debt ($M)   0
Other ($M)   0

Deal Advisers

Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer Yes DD&F Consulting Group
 
Seller No NA
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Mitchell Williams Selig Gates
 
Seller Yes Tatum Tatum & Riedel

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