Mergers and Acquisitions
Transaction Details
DD&F CONSULTING GROUP 
Deal Overview
Buyer:  Family Security Credit Union (Click for buyer financial information)
Target:  Bank of Pine Hill (Click for target financial information)
Deal Type:  Bank & Thrift Company
Announcement Date 8/16/16   Announced Deal Value ($M) 1.7
Status Completed   Announced Deal Value Per Share ($) NA
Completion Date 3/3/17      
 
Deal Summary
Decatur, Ala.-based Family Security Credit Union has acquired substantially all of the assets and assumed substantially all of the liabilities of Pine Hill, Ala.-based Bank of Pine Hill. Bank of Pine Hill operates one branch in Wilcox County, Ala. ranked third with a 13.63% share of approximately $156.20 million in total market deposits.

Deal Pricing Ratios
  Announcement Completion
Price / Book (%) 52.64 61.19
Price / Tangible Book (%) 52.64 61.19
Price / LTM EPS (x) NM NM
Price / Deposits (%) 8.06 9.98
Price / Assets (%) 6.97 8.58
Tang Book Premium / Core Deposits (%) (8.94) (8.31)


Deal Terms

Description of Consideration
Family Security Credit Union paid approximately $1.73 million in cash to acquire substantially all of the assets and to assume substantially all of the liabilities of Bank of Pine Hill.
Accounting Method NA   Lockup Agreement No
In-State Transaction? Yes   Strike Price ($) 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  
         
Consideration Breakout
Cash ($M)   1.7
Common Stock ($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 NA NA
 
Seller Yes DD&F Consulting Group
Porter White & Co.
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer NA NA
 
Seller NA NA

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