Mergers and Acquisitions
Transaction Details
DD&F CONSULTING GROUP 
Deal Overview
Buyer:  Home BancShares, Inc. (Click for buyer financial information)
Target:  Premier Bank (Click for target financial information)
Deal Type:  Bank & Thrift Company
Announcement Date 8/14/12   Announced Deal Value ($M) 1.4
Status Completed   Announced Deal Value Per Share ($) 3.56
Completion Date 12/1/12      
 
Deal Summary
Conway, Ark.-based Home BancShares Inc. unit Centennial Bank has purchased all of the issued and outstanding shares of common stock of Tallahassee, Fla.-based Premier Bank from Premier Bank Holding Co. Home BancShares Inc. will enter Gadsden County, Fla., with one branch to be ranked second with a 19.61% share of approximately $215.40 million in total market deposits and will expand Leon County, Fla., with six branches to be ranked fifth with 8.19% share of approximately $4.91 billion in total market deposits.

Deal Pricing Ratios
  Announcement Completion
Price / Book (%) 13.79 15.88
Price / Tangible Book (%) 13.79 15.88
Price / LTM EPS (x) NM NM
Price / Deposits (%) 0.56 0.58
Price / Assets (%) 0.50 0.52
Tang Book Premium / Core Deposits (%) (4.23) (3.69)


Deal Terms

Description of Consideration
Home BancShares Inc. paid $1,415,000 in cash to acquire Premier Bank.
Accounting Method NA   Lockup Agreement No
In-State Transaction? No   Strike Price ($) NA
Merger of Equals? No   % of Shares Outstanding NA
Geographic Expansion? Partial Overlap   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 ($M)   1.4
Common Stock ($M)   0
Common Shares Issued   0
Preferred Stock ($M)   0
Preferred Shares Issued   0
Debt ($M)   0
Other ($M)   0

Deal Advisers

Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer Yes DD&F Consulting Group
 
Seller Yes Sandler O'Neill & Partners LP
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Mitchell Williams Selig Gates
 
Seller Yes Bryan Cave LLP

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