Mergers and Acquisitions
Transaction Details
Deal Overview
Buyer:  First Federal Savings & Loan Association (Click for buyer financial information)
Target:  Heritage Banc Holding, Inc. (Click for target financial information)
Deal Type:  Bank & Thrift Company
Announcement Date 2/22/96   Announced Deal Value ($M) 3.3
Status Completed   Announced Deal Value Per Share ($) 3,250.00
Completion Date 5/3/96      
Deal Summary

Deal Pricing Ratios
  Announcement Completion
Price / Book (%) 161.21 161.21
Price / Tangible Book (%) 161.21 161.21
Price / LTM EPS (x) 15.63 15.63
Price / Deposits (%) 12.91 12.91
Price / Assets (%) 11.61 11.61
Tang Book Premium / Core Deposits (%) 5.60 5.60

Deal Terms

Description of Consideration
First Federal paid $3.25 million for all outstanding shares of Heritage Banc Holding. Seller's financials are for Heritage Bank, FSB.
Accounting Method NA   Lockup Agreement No
In-State Transaction? Yes   Strike Price ($) 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 (%) 0.00   Est. Restructuring Charges ($000) NA
Termination Fee ($000) NA  
Consideration Breakout
Cash ($M)   3.3
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 No NA
Seller Yes DD&F Consulting Group
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes McAfee & Taft
Seller NA NA

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