Mergers and Acquisitions
Transaction Details
DD&F CONSULTING GROUP 
Deal Overview
Buyer:  Arvest Bank Group, Inc. (Click for buyer financial information)
Target:  Caney Valley Bancshares, Inc. (Click for target financial information)
Deal Type:  Bank & Thrift Company
Announcement Date 9/13/06   Announced Deal Value ($M) NA
Status Completed   Announced Deal Value Per Share ($) NA
Completion Date 1/5/07      
 
Deal Summary
Bentonville, Ark.-based Arvest Bank Group Inc. has agreed to acquire Caney, Kan.-based Caney Valley Bancshares Inc. Arvest Bank Group will enter Montgomery county, Kan. with 1 branch to be ranked No. 6 with a 7.6% share of $522.7 million in total market deposits. This marks Arvest Bank Group Inc's first bank & thrift whole company acquisition since 2003 when it acquired Superior Financial Group in an all cash transaction for $211 million. Ratios at announcement and completion are based on small parent equity and LTM net income at June 30, 2006 of $3,668,000 and $762,000 respectively.

Deal Pricing Ratios
  Announcement Completion
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
The terms of the deal were not disclosed.
Accounting Method NA   Lockup Agreement No
In-State Transaction? No   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 ($M)   NA
Common Stock ($M)   NA
Common Shares Issued   NA
Preferred Stock ($M)   NA
Preferred Shares Issued   NA
Debt ($M)   NA
Other ($M)   NA

Deal Advisers

Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer Yes DD&F Consulting Group
 
Seller NA NA
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer NA NA
 
Seller NA NA

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