Menu

Mergers & Acquisitions

Return to Mergers & Acquisitions

Deal Overview

Buyer:
First Financial Corporation
Actual Acquirer:
First Financial Corporation
Target:
First Marshall Bancshares, Inc.
Deal Type:
Bank & Thrift Company
Agreement Date:
5/28/1993
Announcement Date:
5/28/1993
Announced Deal Value ($ M):
3.30
Status:
Completed
Completion Date:
3/4/1994
Announced Deal Value Per Share ($ )
78.41

Consideration Breakout
Common Stock ($M) 3.4
Common Stock Issued 129,515

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 144.9 141.9
Price / Tangible Book (%) 144.9 141.9
Price / Earnings (x) 24.6 14.5
Price / Deposits (%) 13.39 12.75
Price / Assets (%) 12.20 11.63
Tangible Book Premium/ Deposits (%) 4.15 3.76
Deal Terms
Description of Consideration

First Marshall shareholders received 3.06 shares of First Financial common for each share held. Seller's financials are for First National Bank of Marshall, IL.

Accounting Method Pooling of Interests
In-State Transaction? No
Merger of Equals? No
Geographic Expansion? NA
Goodwill Generated ($ 000) 0
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) 2.496000
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) 0
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 Brown Hay & Stephens
Copyright 2020, © S&P Global Market Intelligence  Terms of Use