Mergers & Acquisitions

Return to Mergers & Acquisitions

Deal Overview

Buyer:
UMB Financial Corporation
Actual Acquirer:
UMB Financial Corporation
Target:
Village Corporation
Deal Type:
Bank & Thrift Company
Agreement Date:
8/30/1991
Announcement Date:
8/30/1991
Announced Deal Value ($ M):
7.60
Status:
Completed
Completion Date:
1/23/1992
Announced Deal Value Per Share ($ )
274.81

Consideration Breakout
Cash ($M) 7.7

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 150.0 150.0
Price / Tangible Book (%) 150.0 150.0
Price / Earnings (x) 12.4 12.0
Price / Deposits (%) 15.27 15.11
Price / Assets (%) 13.61 13.46
Tangible Book Premium/ Deposits (%) 8.38 8.05
Deal Terms
Description of Consideration

Village shareholders and minority shareholders of Columbine Nat'l Bank willreceive 150% of Columbine's equity at close, which will be 7% of assets, plus $1,880,000, plus any adjustments to Columbine's investment portfolio.

Accounting Method Purchase
In-State Transaction? No
Merger of Equals? No
Geographic Expansion? NA
Goodwill Generated ($ 000) 1,955
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 NA NA
Seller Yes Holland & Hart LLP