| Deal Overview |
| Buyer:
Advia Credit Union (Click for buyer financial information)
|
| Target:
Mid America Bank (Click for target financial information) |
| Deal Type:
Bank & Thrift Company |
| Announcement Date |
1/31/16 |
|
Announced Deal Value ($M) |
NA |
| Status |
Completed |
|
Announced Deal Value Per Share ($) |
NA
|
| Completion Date |
8/1/16 |
|
|
|
| |
| Parchment, Mich.-based Advia Credit Union has acquired Janesville, Wis.-based Mid America Bank from Wisconsin Bancorp Inc. Mid America Bank operates 1 Branch in Rock County, Wis., ranked No. 13 with a 1.38% share of approximately $2.09 billion in total market deposits and operates 1 branch in Walworth County, Wis., ranked tenth with a 2.91% share of approximately $1.63 billion in total market deposits.
|
|
Deal Pricing Ratios |
| Price / Book (%) |
NA |
NA |
| Price / Tangible Book (%) |
NA |
NA |
| Price / LTM EPS (x) |
NA |
NA |
| Price / Deposits (%) |
NA |
NA |
| Price / Assets (%) |
NA |
NA |
| Tang Book Premium / Core Deposits (%) |
NA |
NA |
|
|
Deal Terms
|
Description
of Consideration
The terms of the cash deal were not disclosed.
|
| Accounting Method |
NA |
|
Lockup Agreement |
No |
| In-State Transaction? |
No |
|
Strike Price ($) |
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 ($000) |
NA |
|
| |
|
|
|
|
| Cash ($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 |
Mercer Capital Management, |
| |
| Seller |
Yes |
DD&F Consulting Group |
| Legal
Counsel |
| Buyer |
Yes |
Howard & Howard Attorneys PLLC |
| |
| Seller |
Yes |
Reinhart Boerner Van Deuren sc |
|
