Mergers & Acquisitions

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Deal Overview

Buyer:
UMB Financial Corporation
Actual Acquirer:
UMB Financial Corporation
Target:
National Bank of the West
Deal Type:
Bank & Thrift Company
Agreement Date:
6/14/1991
Announcement Date:
6/14/1991
Announced Deal Value ($ M):
1.80
Status:
Completed
Completion Date:
12/11/1991
Announced Deal Value Per Share ($ )
35.80

Consideration Breakout
Cash ($M) 1.9

Deal Pricing Ratios

Announcement Completion
Price / Book (%) 200.0 200.0
Price / Tangible Book (%) 200.0 200.0
Price / Earnings (x) NM 27.1
Price / Deposits (%) 14.25 14.24
Price / Assets (%) 13.23 12.44
Tangible Book Premium/ Deposits (%) 7.44 7.12
Deal Terms
Description of Consideration

National shareholders received, in aggregate, 200% of equity at March 31, 1991, plus earnings from March 31 to consummation. After consummation, the former shareholders may purchase up to $423,000 in loans and ORE.

Accounting Method Purchase
In-State Transaction? No
Merger of Equals? No
Geographic Expansion? In Market
Goodwill Generated ($ 000) 895
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 Sherman & Howard LLC