Deal Overview |
Buyer:
First National Corporation of Wynne (Click for buyer financial information)
|
Target:
Bank of McCrory (Click for target financial information) |
Deal Type:
Bank & Thrift Company |
Announcement Date |
7/17/17 |
|
Announced Deal Value ($M) |
NA |
Status |
Completed |
|
Announced Deal Value Per Share ($) |
NA
|
Completion Date |
10/31/17 |
|
|
|
|
Wynne, Ark.-based First National Corp. of Wynne unit First National Bank of Wynne has acquired McCrory, Ark.-based Bank of McCrory. First National Corp. of Wynne will enter Woodruff County, Ark., with one branch to be ranked first with a 47.65% share of approximately $144.43 million in total market deposits.
|
|
Deal Pricing Ratios |
Price / Book (%) |
NA |
NA |
Price / Tangible Book (%) |
NA |
NA |
Price / LTM EPS (x) |
NA |
NA |
Price / Deposits (%) |
NA |
NA |
Price / Assets (%) |
NA |
NA |
Tang Book Premium / Core Deposits (%) |
NA |
NA |
|
Deal Terms
|
Description
of Consideration
The terms of the deal were not disclosed. Buyer financials are for First National Bank of Wynne.
|
Accounting Method |
NA |
|
Lockup Agreement |
No |
In-State Transaction? |
Yes |
|
Strike Price ($) |
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 ($000) |
NA |
|
|
|
|
|
|
Cash ($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 |
Buyer |
Yes |
DD&F Consulting Group |
|
Seller |
NA |
NA |
Legal
Counsel |
Buyer |
NA |
NA |
|
Seller |
NA |
NA |
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