Mergers and Acquisitions
Transaction Details
Deal Overview
Buyer:  Bank of the Ozarks Inc. (Click for buyer financial information)
Target:  Heritage Banc Holding, Inc. (Click for target financial information)
Deal Type:  Bank & Thrift Company
Announcement Date 11/19/97   Announced Deal Value ($M) 3.1
Status Completed   Announced Deal Value Per Share ($) NA
Completion Date 1/8/99      
Deal Summary
Little Rock, Ark.-based Bank of the Ozarks Inc. has acquired Little Rock, Ark.-based Heritage Banc Holding Inc.

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
Bank of the Ozarks Inc. paid $3.1 million in cash to acquire Heritage Banc Holding Inc.
Accounting Method Pooling   Lockup Agreement No
In-State Transaction? Yes   Strike Price ($) 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)   3.1
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 NA NA
Seller Yes DD&F Consulting Group
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Rose Law Firm
Seller Yes McAfee & Taft

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