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mergers & acquisitions

M&A History<< Return to Mergers & Acquisitions
Deal Overview
Buyer: South Umpqua Bank
Actual Acquirer: South Umpqua Bank
Target: United Bancorp
Deal Type: Bank & Thrift Company
Agreement Date6/12/1998
Announcement Date6/12/1998
Announced Deal Value ($M)30.20
Completion Date8/21/1998
Announced Deal Value Per Share ($)18.00
Deal Pricing Ratios
Price / Book (%)257.4NA
Price / Tangible Book (%)257.4NA
Price / Earnings (x)22.0NA
Price / Deposits (%)39.99NA
Price / Assets (%)26.41NA
Tangible Book Premium/ Deposits (%)24.97NA
Deal Terms
Description of Consideration
United Bancorp shareholders would have received Umpqua common stock worth $18 for each share held. Seller's financials are for Douglas National National Bank. Buyer's financials are for South Umpqua Bank.
Accounting MethodPooling of Interests
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 ($000)NA
Exchange Ratio (Common For Common)NA
Exchange Ratio (Common For Preferred)NA
Exchange Ratio (Preferred For Common)NA
Exchange Ratio (Preferred For Preferred)NA
Lockup AgreementNA
Strike Price ($)NA
% of Shares OutstandingNA
Shares Under OptionNA
Core Deposit Intangibles ($000)NA
Deal Advisers - Financial Advisers
Party AdvisedAdviser Hired?Firm Name
BuyerYesBlack & Co.
SellerYesSheshunoff & Co.

Deal Advisers - Legal Counsel
Party AdvisedAdviser Hired?Firm Name
BuyerYesFoster Pepper PLLC

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