Mergers & Acquisitions

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Deal Overview

Buyer:
UMB Financial Corporation
Actual Acquirer:
UMB Financial Corporation
Target:
North Plaza Bancshares,inc.
Deal Type:
Bank & Thrift Company
Agreement Date:
5/12/1992
Announcement Date:
5/12/1992
Announced Deal Value ($ M):
4.00
Status:
Completed
Completion Date:
5/17/1993
Announced Deal Value Per Share ($ )
29.77

Consideration Breakout
Cash ($M) 6.1

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 175.0 147.7
Price / Tangible Book (%) 175.0 147.7
Price / Earnings (x) 6.4 8.9
Price / Deposits (%) 12.46 20.05
Price / Assets (%) 9.73 17.28
Tangible Book Premium/ Deposits (%) 5.84 6.48
Deal Terms
Description of Consideration

North Plaza shareholders received 1.5x North Plaza State Bank equity adjusted for special reserves, less holding company debt. Seller's financials are for North Plaza State Bank, 82.644% owned by North Plaza.

Accounting Method Purchase
In-State Transaction? No
Merger of Equals? No
Geographic Expansion? NA
Goodwill Generated ($ 000) 1,914
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) NA
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 No NA
Seller Yes Lathrop Gage LLP