Mergers & Acquisitions

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Deal Overview

Buyer:
UMB Financial Corporation
Actual Acquirer:
UMB Financial Corporation
Target:
CNB Financial Corporation
Deal Type:
Bank & Thrift Company
Agreement Date:
9/10/1992
Announcement Date:
9/10/1992
Announced Deal Value ($ M):
64.80
Status:
Completed
Completion Date:
6/25/1993
Announced Deal Value Per Share ($ )
58.52

Consideration Breakout
Common Stock ($M) 58.0
Common Stock Issued 1,526,770

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 162.2 145.7
Price / Tangible Book (%) 174.3 155.6
Price / Earnings (x) 14.5 12.8
Price / Deposits (%) 18.75 18.31
Price / Assets (%) 14.57 12.26
Tangible Book Premium/ Deposits (%) 8.82 7.04
Deal Terms
Description of Consideration

CNB shareholders received 1.571 shares of United Missouri common for each share held. United Missouri's 4.9% ownership increased to 9.8% with the acquisition of Overland Park.

Accounting Method Purchase
In-State Transaction? No
Merger of Equals? No
Geographic Expansion? NA
Goodwill Generated ($ 000) 26,967
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) 1.571000
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
Seller Yes ABN AMRO Inc.
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Watson Ess Marshall & Enggas
Seller Yes Arnold & Porter Kaye Scholer