Mergers and Acquisitions
Transaction Details
DD&F CONSULTING GROUP 
Deal Overview
Buyer:  Arvest Bank Group, Inc. (Click for buyer financial information)
Target:  Victory Bank of Nowata (Click for target financial information)
Deal Type:  Bank & Thrift Company
Announcement Date 2/18/98   Announced Deal Value ($M) NA
Status Completed   Announced Deal Value Per Share ($) NA
Completion Date 4/1/98      
 
Deal Summary
According to the Fed, WestStar will control approximately 50% of the Bartlesvile Fed Banking Market's deposits following the merger, increasing the bank's HHI reading 262 points to 2,892. The merger was approved on the grounds that its consummation would not have an adverse effect on competition in the area. The Fed asserted that after the deal was completed, there would still be 11 depository institutions operating in the market, including a large credit union.

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
Terms of the transaction were not disclosed. Announcment date is the day the the Fed approved the deal. Victory Bank of Nowata was owned by Victory Bancorp.
Accounting Method NA   Lockup Agreement No
In-State Transaction? No   Strike Price ($) NA
Merger of Equals? No   % of Shares Outstanding NA
Geographic Expansion? In Market   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)   NA
Common Shares Issued   NA
Preferred Stock ($M)   NA
Preferred Shares Issued   NA
Debt ($M)   NA
Other ($M)   NA

Deal Advisers

Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer Yes DD&F Consulting Group
 
Seller NA NA
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer NA NA
 
Seller NA NA

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