| 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 |
|
