Mergers & Acquisitions

Return to Mergers & Acquisitions

Deal Overview

Buyer:
UMB Financial Corporation
Actual Acquirer:
UMB Financial Corporation
Target:
Farmers Banshares of Abilene, Inc.
Deal Type:
Bank & Thrift Company
Agreement Date:
9/10/1992
Announcement Date:
9/10/1992
Announced Deal Value ($ M):
8.20
Status:
Completed
Completion Date:
3/26/1993
Announced Deal Value Per Share ($ )
912.07

Consideration Breakout
Cash ($M) 2.2
Common Stock ($M) 6.6
Common Stock Issued 168,898

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 135.8 137.0
Price / Tangible Book (%) 135.8 137.0
Price / Earnings (x) 11.7 11.9
Price / Deposits (%) 18.06 18.45
Price / Assets (%) 15.26 15.82
Tangible Book Premium/ Deposits (%) 4.99 5.28
Deal Terms
Description of Consideration

Farmers shareholders received, in aggregate, 1.5x 8% of average assets of Farmers National Bank (98.2% owned by Farmers Bancshares) plus capital in excess of 8% of average assets, paid 25% in cash and 75% in stock.

Accounting Method Purchase
In-State Transaction? No
Merger of Equals? No
Geographic Expansion? NA
Goodwill Generated ($ 000) 2,211
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) 18.704100
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) NA
Deal Advisers
Financial Advisers
Party Advised Adviser Hired? Firm Name
Buyer No NA
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Watson Ess Marshall & Enggas
Seller Yes Hampton & Royce LC