Mergers and Acquisitions
Transaction Details
DD&F CONSULTING GROUP 
Deal Overview
Buyer:  Stone Bancshares, Inc. (Click for buyer financial information)
Target:  DBT Financial Corporation (Click for target financial information)
Deal Type:  Bank & Thrift Company
Announcement Date 2/22/19   Announced Deal Value ($M) NA
Status Completed   Announced Deal Value Per Share ($) NA
Completion Date 6/18/19      
 
Deal Summary
Mountain View, Ark.-based Stone Bancshares Inc. has acquired De Witt, Ark.-based DBT Financial Corp. Ratios at completion would be based on DBT Financial Corp.'s December 31, 2018 small parent equity and LTM net income of $17,254,000 and $2,519,000 respectively. Stone Bancshares Inc. will enter Arkansas County, Ark., with two branches to be ranked fourth with a 15.25% share of approximately $507.06 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 cash and stock deal were not disclosed. Ultimate Buyer and target financials are for Stone Bank and DeWitt Bank and Trust Co., respectively.
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 ($M)   NA
Common Stock ($M)   NA
Common Shares Issued   NA
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 NA NA
 
Seller NA NA

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