Mergers and Acquisitions
Transaction Details
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      
Deal Summary
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
  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 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 ($000) NA  
Consideration Breakout
Cash ($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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