Mergers and Acquisitions
Transaction Details
DD&F CONSULTING GROUP 
Deal Overview
Buyer:  Investor Group (Click for buyer financial information)
Target:  Community State Bank (Click for target financial information)
Deal Type:  Bank & Thrift Company
Announcement Date 6/16/17   Announced Deal Value ($M) 2.5
Status Completed   Announced Deal Value Per Share ($) 245.00
Completion Date 1/31/19      
 
Deal Summary
Atlanta-based Investor Group comprised of Jeff Hobbs, Taylor Chandler, and Derick Murway have acquired Bradley, Ark.-based Community State Bank from Little Rock, Ark.-based Allcorp Inc. Community State Bank operates one branch in Lafayette County, Ark., ranked fourth with a 10.48% share of approximately $127.08 million in total market deposits.

Deal Pricing Ratios
  Announcement Completion
Price / Book (%) 94.19 89.58
Price / Tangible Book (%) 127.07 118.82
Price / LTM EPS (x) NM 19.63
Price / Deposits (%) 18.98 17.06
Price / Assets (%) 15.77 14.30
Tang Book Premium / Core Deposits (%) 4.84 3.46


Deal Terms

Description of Consideration
Investor Group comprised of Jeff Hobbs, Taylor Chandler, and Derick Murway paid approximately $2.45 million to acquire Community State Bank from Allcorp Inc.
Accounting Method NA   Lockup Agreement No
In-State Transaction? No   Strike Price ($) NA
Merger of Equals? No   % of Shares Outstanding NA
Geographic Expansion? NA   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 ($M)   0
Common Stock ($M)   0
Common Shares Issued   0
Preferred Stock ($M)   0
Preferred Shares Issued   0
Debt ($M)   0
Other ($M)   2.5

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 Yes McAfee & Taft
Rose Law Firm
 
Seller NA NA

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