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Deal Overview

Buyer:
First Financial Corporation
Actual Acquirer:
First Financial Corporation
Target:
Community Financial Corp.
Deal Type:
Bank & Thrift Company
Agreement Date:
3/30/2001
Announcement Date:
3/30/2001
Announced Deal Value ($ M):
19.50
Status:
Completed
Completion Date:
2/1/2002
Announced Deal Value Per Share ($ )
NA

Consideration Breakout
Cash ($M) 19.5

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 100.2 101.1
Price / Tangible Book (%) 100.2 101.1
Price / Earnings (x) NM NM
Price / Deposits (%) 13.41 13.50
Price / Assets (%) 11.25 11.17
Tangible Book Premium/ Deposits (%) 1.09 0.18
Deal Terms
Description of Consideration

THFF paid $19.5M in cash for remaining CFIC unit Community B&T. THFF also acquired additional assets at the hc -mainly proceeds from three prior divestitures -for an estimated total of about $33.8M, or $15.16 a share.

Accounting Method Purchase
In-State Transaction? No
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) NA
Exchange Ratio (Preferred For Common) NA
Exchange Ratio (Preferred For Preferred) NA
Lockup Agreement No
Strike Price ($ ) NA
% of Shares Outstanding NA
Shares Under Option NA
Core Deposit Intangibles ($ 000) 1,000
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer No NA
Seller Yes ProBank Austin
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Krieg DeVault LLP
Seller Yes Thompson Coburn LLP
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