Mergers and Acquisitions
Transaction Details
Deal Overview
Buyer:  First Southern Bank (Click for buyer financial information)
Target:  Loan production office (Click for target financial information)
Deal Type:  Specialty Finance Company
Announcement Date 2/23/05   Announced Deal Value ($M) NA
Status Completed   Completion Date 7/21/05
Deal Summary
Batesville, AR-based First Southern Bank has acquired the Batesville loan production office of Lonoke Bancshares Inc. First Southern Bank has applied with the FDIC and the Arkansas State Bank Department for a new state banking charter.

Deal Pricing Ratios
  Announcement Completion
Price / Book (%) NA NA
Price / Earnings (x) NA NA

Deal Terms

Description of Consideration
The terms of the deal were not disclosed.
Percent Acquired (%) 100.00   Accounting Method 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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