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mergers & acquisitions

M&A History<< Return to Mergers & Acquisitions
Deal Overview
Buyer: Umpqua Holdings Corporation
Actual Acquirer: Umpqua Bank
Target: American Perspective Bank
Deal Type: Bank & Thrift Company
Agreement Date4/9/2012
Announcement Date4/10/2012
Announced Deal Value ($M)44.70
StatusTerminated
Completion Date4/30/2012
Announced Deal Value Per Share ($)10.00
Deal Pricing Ratios
 AnnouncementCompletion
Price / Book (%)101.2NA
Price / Tangible Book (%)101.2NA
Price / Earnings (x)15.6NA
Price / Deposits (%)21.25NA
Price / Assets (%)17.25NA
Tangible Book Premium/ Deposits (%)0.94NA
Deal Terms
Description of Consideration
Umpqua Holdings Corp. would have paid $10.00 per share in cash to acquire each outstanding share of American Perspective Bank.
Accounting MethodAcquisition
In-State Transaction?No
Merger of Equals?No
Geographic Expansion?Market Expansion
Goodwill Generated ($000)NA
Estimated Cost Savings (%)35.00
Estimated Cost Savings ($000)2,372
Est. Restructuring Charges ($000)NA
Maximum Termination Fee ($000)1,600
Minimum Termination Fee ($000)0
Exchange Ratio (Common For Common)NA
Exchange Ratio (Common For Preferred)NA
Exchange Ratio (Preferred For Common)NA
Exchange Ratio (Preferred For Preferred)NA
Lockup AgreementNo
Strike Price ($)NA
% of Shares OutstandingNA
Shares Under OptionNA
Core Deposit Intangibles ($000)1,598
Additional Deal Information
Post-Completion
Year
Deal
Accretive?
Earnings
Accretion(%)
Earnings
Accretion($)
Est. Cost
Savings(%)
Est. Cost
Savings($000)
1AccretiveNANANANA
Deal Advisers - Financial Advisers
Party AdvisedAdviser Hired?Firm Name
BuyerNoNA
SellerYesKeefe Bruyette & Woods Inc.

Deal Advisers - Legal Counsel
Party AdvisedAdviser Hired?Firm Name
BuyerYesLane Powell PC
SellerYesHorgan Rosen Beckham & Coren

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