| Deal Overview |
| Buyer:
Big Creek Bancshares, Inc (Click for buyer financial information)
|
| Target:
Tyronza Bancshares, Inc. (Click for target financial information) |
| Deal Type:
Bank & Thrift Company |
| Announcement Date |
4/17/19 |
|
Announced Deal Value ($M) |
NA |
| Status |
Completed |
|
Announced Deal Value Per Share ($) |
NA
|
| Completion Date |
7/3/19 |
|
|
|
| |
| Marianna, Ark.-based Big Creek Bancshares Inc. has acquired Marked Tree, Ark.-based Tyronza Bancshares Inc. Ratios at completion would be based on Tyronza Bancshares Inc.'s June 30, 2019 small parent equity and LTM net income of $7,729,000 and $484,000 respectively. Big Creek Bancshares Inc will enter Poinsett County, Ark., with three branches to be ranked third with a 16.08% share of approximately $327.26 million in total market deposits.
|
|
Deal Pricing Ratios |
| Price / Book (%) |
NA |
NA |
| Price / Tangible Book (%) |
NA |
NA |
| Price / LTM EPS (x) |
NA |
NA |
| Price / Deposits (%) |
NA |
NA |
| Price / Assets (%) |
NA |
NA |
| Tang Book Premium / Core Deposits (%) |
NA |
NA |
|
|
Deal Terms
|
Description
of Consideration
The terms of the deal were not disclosed. Buyer paid cash as consideration. Buyer and Target financials are for Armor Bank and First Delta Bank respectively.
|
| Accounting Method |
NA |
|
Lockup Agreement |
No |
| In-State Transaction? |
Yes |
|
Strike Price ($) |
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 ($000) |
NA |
|
| |
|
|
|
|
| Cash ($M) |
|
NA |
| 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 |
| Buyer |
Yes |
DD&F Consulting Group |
| |
| Seller |
NA |
NA |
| Legal
Counsel |
| Buyer |
Yes |
Mitchell Williams Selig Gates |
| |
| Seller |
NA |
NA |
|
|
