Mergers and Acquisitions
Transaction Details
DD&F CONSULTING GROUP 
Deal Overview
Buyer:  Investor group (Click for buyer financial information)
Target:  First National Bank of Altheimer (Click for target financial information)
Deal Type:  Bank & Thrift Company
Announcement Date 7/9/08   Announced Deal Value ($M) NA
Status Completed   Announced Deal Value Per Share ($) NA
Completion Date 3/31/09      
 
Deal Summary
An investor group lead by Marvin Sutterfield has agreed to acquire Altheimer, Ark.-based First National Bank of Altheimer. First National Bank of Altheimer currently operates 1 branch in Jefferson County, Ark., ranked No. 6 with a 0.9% share of $874.0 million in total market deposits.

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? NA   Strike Price ($) NA
Merger of Equals? No   % of Shares Outstanding NA
Geographic Expansion? NA   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 NA NA
 
Seller Yes DD&F Consulting Group
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer NA NA
 
Seller NA NA

© Copyright 2017, SNL Financial LC

Terms of Use