Mergers & Acquisitions

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Deal Overview

Buyer:
UMB Financial Corporation
Actual Acquirer:
UMB Financial Corporation
Target:
BellCorp Inc
Deal Type:
Bank & Thrift Company
Agreement Date:
5/14/1992
Announcement Date:
5/14/1992
Announced Deal Value ($ M):
17.60
Status:
Completed
Completion Date:
5/28/1993
Announced Deal Value Per Share ($ )
NA

Consideration Breakout
Cash ($M) 2.9
Common Stock ($M) 13.9
Common Stock Issued 373,951

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 151.6 142.5
Price / Tangible Book (%) 151.6 142.5
Price / Earnings (x) 14.7 7.2
Price / Deposits (%) 19.37 19.84
Price / Assets (%) 14.64 15.80
Tangible Book Premium/ Deposits (%) 7.10 6.12
Deal Terms
Description of Consideration

The total consideration was $17.5 million, plus adjustments. Series A preferred holders received $360,500 in cash; common holders, 84.7% of the remainder in stock; and Series B holders, the balance in cash.

Accounting Method Purchase
In-State Transaction? No
Merger of Equals? No
Geographic Expansion? NA
Goodwill Generated ($ 000) 5,202
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) 48.270400
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 NA NA
Seller Yes Watson Ess Marshall & Enggas