Mergers and Acquisitions
Transaction Details
DD&F CONSULTING GROUP 
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      
 
Deal Summary
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
  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 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  
         
Consideration Breakout
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
Party Advised Adviser Hired? Firm Name
Buyer Yes Mercer Capital Management Inc.
 
Seller Yes DD&F Consulting Group
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Howard & Howard Attorneys PLLC
 
Seller Yes Reinhart Boerner Van Deuren sc

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