Mergers & Acquisitions

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Deal Overview

Buyer:
UMB Financial Corporation
Actual Acquirer:
UMB Financial Corporation
Target:
M L Bancshares, Incorporated
Deal Type:
Bank & Thrift Company
Agreement Date:
3/18/1992
Announcement Date:
3/18/1992
Announced Deal Value ($ M):
13.70
Status:
Completed
Completion Date:
5/14/1993
Announced Deal Value Per Share ($ )
250.57

Consideration Breakout
Cash ($M) 6.3
Common Stock ($M) 11.3
Common Stock Issued 308,578

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 138.9 122.1
Price / Tangible Book (%) 141.8 138.5
Price / Earnings (x) 10.4 20.3
Price / Deposits (%) 10.33 12.59
Price / Assets (%) 8.72 10.81
Tangible Book Premium/ Deposits (%) 3.36 3.79
Deal Terms
Description of Consideration

M L shareholders received tangible book value of M L bank subsidiaries less minority interests, plus a 38.4165% premium, less certain adjustments to loans, OREO, and loan loss reserves, paid 75% stock and 25% cash.

Accounting Method Purchase
In-State Transaction? No
Merger of Equals? No
Geographic Expansion? NA
Goodwill Generated ($ 000) 4,783
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) 5.650700
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