Mergers and Acquisitions
Transaction Details
DD&F CONSULTING GROUP 
Deal Overview
Buyer:  LINCO Bancshares, Inc. (Click for buyer financial information)
Target:  Community First Bank (Click for target financial information)
Deal Type:  Bank & Thrift Company
Announcement Date 3/18/15   Announced Deal Value ($M) 44.0
Status Completed   Announced Deal Value Per Share ($) NA
Completion Date 7/1/15      
 
Deal Summary
Columbia, Mo.-based LINCO Bancshares Inc. unit Providence Bank has acquired Fairview Heights, Ill.-based Community First Bank from Community First Bancorp Inc. LINCO Bancshares Inc. will enter Saint Clair County, Ill., with one branch to be ranked No. 11 with a 4.66% share of approximately $3.85 billion in total market deposits.

Deal Pricing Ratios
  Announcement Completion
Price / Book (%) 147.70 146.29
Price / Tangible Book (%) 147.70 146.29
Price / LTM EPS (x) 22.17 22.33
Price / Deposits (%) 25.03 25.01
Price / Assets (%) 20.84 20.82
Tang Book Premium / Core Deposits (%) 11.12 10.85


Deal Terms

Description of Consideration
LINCO Bancshares Inc. paid approximately $44 million in cash to acquire all of the outstanding shares of Community First Bank. Buyer financials at completion are for Providence Bank.
Accounting Method NA   Lockup Agreement No
In-State Transaction? No   Strike Price ($) 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 ($M)   44.0
Common Stock ($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 BKD Corporate Finance LLC
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Stinson Leonard Street LLP
 
Seller Yes Sandberg Phoenix & von Gontard

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