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Mergers & Acquisitions
R & G FINANCIAL CORPORATION (Pink - RGFC)
M&A History
Return to Mergers & Acquisitions
Deal Overview
Buyer:
R & G Financial Corporation
Actual Acquirer:
R&G Federal Savings Bank
Target:
Caribbean Federal Savings Bank of Puerto Rico
Deal Type:
Bank & Thrift Company
Announcement Date
1/23/1993
Announced Deal Value ($M)
6.0
Status
Completed
Completion Date
6/29/1993
Announced Deal Value Per Share ($)
NA
Consideration Breakout
Cash ($M)
6.0
Deal Pricing Ratios
Announcement
Completion
Price / Book (%)
117.1
111.5
Price / Tangible Book (%)
117.1
111.5
Price / Earnings (x)
5.3
5.2
Price / Deposits (%)
12.51
12.53
Price / Assets (%)
7.55
7.82
Tangible Book Premium/ Deposits (%)
2.23
1.52
Deal Terms
Description of Consideration
Caribbean FSB received an aggregate of $6.0 million in cash for all outstanding shares. Buyer's financials are for R&G Federal Savings Bank.
Accounting Method
Purchase
In-State Transaction?
Yes
Merger of Equals?
No
Geographic Expansion?
In Market
Goodwill Generated ($000)
NA
Estimated Cost Savings (%)
NA
Estimated Cost Savings ($000)
NA
Est. Restructuring Charges ($000)
NA
Maximum Termination Fee ($000)
NA
Minimum Termination Fee ($000)
NA
Exchange Ratio (Common For Common)
0.0000
Exchange Ratio (Common For Preferred)
0.0000
Exchange Ratio (Preferred For Common)
0.0000
Exchange Ratio (Preferred For Preferred)
0.0000
Lockup Agreement
No
Strike Price ($)
NA
% of Shares Outstanding
NA
Shares Under Option
NA
Core Deposit Intangibles ($000)
NA
Deal Advisers - Financial Advisers
Party Advised
Adviser Hired?
Firm Name
Buyer
No
NA
Seller
NA
NA
Deal Advisers - Legal Counsel
Party Advised
Adviser Hired?
Firm Name
Buyer
Yes
Elias Matz Tiernan & Herrick
Seller
NA
NA
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