Mergers & Acquisitions

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Deal Overview

Buyer:
UMB Financial Corporation
Actual Acquirer:
UMB Financial Corporation
Target:
First Sooner Bancshares, Inc.
Deal Type:
Bank & Thrift Company
Agreement Date:
8/2/1995
Announcement Date:
8/2/1995
Announced Deal Value ($ M):
16.40
Status:
Completed
Completion Date:
12/31/1995
Announced Deal Value Per Share ($ )
NA

Consideration Breakout
Cash ($M) 16.4

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 204.1 203.6
Price / Tangible Book (%) 208.0 208.3
Price / Earnings (x) 12.6 17.9
Price / Deposits (%) 14.70 14.91
Price / Assets (%) 12.69 12.72
Tangible Book Premium/ Deposits (%) 9.20 9.38
Deal Terms
Description of Consideration

First Sooner received $16,383,800 in cash, subject to adjustment, for all outstanding shares. Seller's financials are for Oklahoma Bank.

Accounting Method Purchase
In-State Transaction? No
Merger of Equals? No
Geographic Expansion? Market Expansion
Goodwill Generated ($ 000) 5,057
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) NA
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 Watson Ess Marshall & Enggas
Seller Yes McAfee & Taft