Mergers & Acquisitions

Return to Mergers & Acquisitions

Deal Overview

Buyer:
UMB Financial Corporation
Actual Acquirer:
UMB Financial Corporation
Target:
Mountain States Bancorporation, Inc.
Deal Type:
Bank & Thrift Company
Agreement Date:
6/1/2006
Announcement Date:
6/1/2006
Announced Deal Value ($ M):
83.00
Status:
Completed
Completion Date:
9/15/2006
Announced Deal Value Per Share ($ )
NA

Consideration Breakout
Cash ($M) 83.0

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 216.4 215.9
Price / Tangible Book (%) 216.4 215.9
Price / Earnings (x) 25.1 27.0
Price / Deposits (%) 34.45 35.56
Price / Assets (%) 29.43 29.30
Tangible Book Premium/ Deposits (%) 19.42 20.69
Deal Terms
Description of Consideration

UMB Financial Corp. paid $83.0 million in cash to acquire Mountain States Bancorp. Seller's financials at completion are for Mountain States Bank.

Accounting Method Purchase
In-State Transaction? No
Merger of Equals? No
Geographic Expansion? In Market
Goodwill Generated ($ 000) 33,900
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 Agreement NA
Strike Price ($ ) NA
% of Shares Outstanding NA
Shares Under Option NA
Core Deposit Intangibles ($ 000) 13,000
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer No NA
Seller Yes St. Charles Capital LLC
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Holland & Hart LLP
Seller Yes Ireland Stapleton Pryor