Mergers and Acquisitions
Transaction Details
DD&F CONSULTING GROUP 
Deal Overview
Buyer:  Home Bancshares, Inc. (Click for buyer financial information)
Target:  Mountain View Bancshares, Inc. (Click for target financial information)
Deal Type:  Bank & Thrift Company
Announcement Date 4/21/05   Announced Deal Value ($M) 42.5
Status Completed   Announced Deal Value Per Share ($) 5,324.48
Completion Date 9/1/05      
 
Deal Summary
Conway, AR-based Home Bancshares Inc. has agreed to acquire Mountain View Bancshares. Home will enter Stone County, AR ranked No. 1 with an 84.1% market share of approximately $171.3 million in deposits. Home recently announced its pending deal to acquire Florida-based Marine Bancorp Inc. for about $16.8 million in cash and preferred stock.

Deal Pricing Ratios
  Announcement Completion
Price / Book (%) 159.98 159.98
Price / Tangible Book (%) 160.52 160.52
Price / LTM EPS (x) 15.73 15.73
Price / Deposits (%) 27.51 27.51
Price / Assets (%) 23.33 23.33
Tang Book Premium / Core Deposits (%) 14.86 14.86


Deal Terms

Description of Consideration
Home Bancshares paid $38,250,004 in cash and $4,249,996 in common stock for a total consideration of $42.5 million. Under the original terms, Home Bancshares would have paid $39,374,984 in cash and $4,375,016 in stock.
Accounting Method NA   Lockup Agreement No
In-State Transaction? Yes   Strike Price ($) 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) NA  
         
Consideration Breakout
Cash ($M)   38.3
Common Stock ($M)   4.3
Common Shares Issued   111,842
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 NA NA
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Mitchell Williams Selig Gates
 
Seller NA NA

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