mergers & acquisitions
M&A History<< Return to Mergers & Acquisitions
Deal Overview
Buyer: Umpqua Holdings Corp.
Actual Acquirer: Umpqua Bank
Target: Linn-Benton Bank
Deal Type: Bank & Thrift Company
Agreement Date8/21/2001
Announcement Date8/21/2001
Announced Deal Value ($M)20.31
StatusCompleted
Completion Date12/28/2001
Announced Deal Value Per Share ($)12.95
Consideration Breakout
Cash ($M)8.1
Common Stock ($M)12.1
Common Stock Issued889,000
Deal Pricing Ratios
 AnnouncementCompletion
Price / Book (%)217.6197.6
Price / Tangible Book (%)217.6197.6
Price / Earnings (x)15.213.0
Price / Deposits (%)19.2220.46
Price / Assets (%)17.3217.53
Tangible Book Premium/ Deposits (%)11.1110.81
Deal Terms
Description of Consideration
Linn-Benton shareholders received either 0.944 share of Umpqua common stock or $12.75 in cash for each share held, subject to the limitation that 60% of the shares outstanding were exchanged for stock.
Accounting MethodPurchase
In-State Transaction?Yes
Merger of Equals?No
Geographic Expansion?Market Expansion
Goodwill Generated ($000)9,943
Estimated Cost Savings (%)NA
Estimated Cost Savings ($000)NA
Est. Restructuring Charges ($000)1,500
Maximum Termination Fee ($000)1,000
Minimum Termination Fee ($000)NA
Exchange Ratio (Common For Common)0.94
Exchange Ratio (Common For Preferred)NA
Exchange Ratio (Preferred For Common)NA
Exchange Ratio (Preferred For Preferred)NA
Lockup AgreementNo
Strike Price ($)NA
% of Shares OutstandingNA
Shares Under OptionNA
Core Deposit Intangibles ($000)2,088
Deal Advisers - Financial Advisers
Party AdvisedAdviser Hired?Firm Name
BuyerYesColumbia Financial Advisors
SellerYesD.A. Davidson & Co.

Deal Advisers - Legal Counsel
Party AdvisedAdviser Hired?Firm Name
BuyerYesFoster Pepper PLLC
SellerYesGraham & Dunn PC

Copyright 2018, © S&P Global Market Intelligence  Terms of Use