Mergers & Acquisitions

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Deal Overview

Buyer:
UMB Financial Corporation
Actual Acquirer:
UMB Financial Corporation
Target:
NBA Bankshares, Inc.
Deal Type:
Bank & Thrift Company
Agreement Date:
6/5/1992
Announcement Date:
6/5/1992
Announced Deal Value ($ M):
15.00
Status:
Completed
Completion Date:
4/30/1993
Announced Deal Value Per Share ($ )
NA

Consideration Breakout
Cash ($M) 3.7
Common Stock ($M) 10.9
Common Stock Issued 276,497

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 159.4 149.7
Price / Tangible Book (%) 159.4 149.7
Price / Earnings (x) 15.5 13.7
Price / Deposits (%) 14.50 14.10
Price / Assets (%) 13.09 12.72
Tangible Book Premium/ Deposits (%) 5.50 5.48
Deal Terms
Description of Consideration

NBA shareholders received, in aggregate, 1.6x 8% of average assets of Nat'l Bank of America (92.2586% owned by NBA) 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) 5,833
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) 4.015200
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 NA NA
Legal Counsel
Party Advised Adviser Hired? Firm Name
Buyer Yes Watson Ess Marshall & Enggas
Seller Yes Kennedy Berkley Yarnevich