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Mergers & AcquisitionsR & G FINANCIAL CORPORATION (Pink - RGFC) 
M&A History
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 Deal Overview
Buyer: R & G Financial Corporation
Actual Acquirer: R & G Financial Corporation
Target: Fajardo Federal Savings Bank
Deal Type: Bank & Thrift Company
Announcement Date3/11/1998
Announced Deal Value ($M)6.5
StatusCompleted
Completion Date8/5/1998
Announced Deal Value Per Share ($)NA
 Consideration Breakout
Unclassified ($M)6.5

 Deal Pricing Ratios
 AnnouncementCompletion
Price / Book (%)206.7174.6
Price / Tangible Book (%)206.7174.6
Price / Earnings (x)26.614.2
Price / Deposits (%)28.7730.45
Price / Assets (%)21.7322.33
Tangible Book Premium/ Deposits (%)16.8614.51
Deal Terms
 Description of Consideration
R&G paid approximately $6.5 million in cash and stock for Fajardo FSB. No more than 80% of the consideration was paid in stock.
Accounting MethodPurchase
In-State Transaction?Yes
Merger of Equals?No
Geographic Expansion?Market Expansion
Goodwill Generated ($000)NA
Estimated Cost Savings (%)NA
Estimated Cost Savings ($000)NA
Est. Restructuring Charges ($000)NA
Maximum Termination Fee ($000)0
Minimum Termination Fee ($000)NA
Exchange Ratio (Common For Common)NA
Exchange Ratio (Common For Preferred)0.0000
Exchange Ratio (Preferred For Common)0.0000
Exchange Ratio (Preferred For Preferred)0.0000
Lockup AgreementNA
Strike Price ($)NA
% of Shares OutstandingNA
Shares Under OptionNA
Core Deposit Intangibles ($000)NA
 Deal Advisers - Financial Advisers
Party AdvisedAdviser Hired?Firm Name
BuyerNoNA
SellerNANA
 
 Deal Advisers - Legal Counsel
Party AdvisedAdviser Hired?Firm Name
BuyerYesElias Matz Tiernan & Herrick
SellerNANA
 

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